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MSU Association of Retired Faculty

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Association of Retired Faculty

Legislative Report

The Association of Retired Faculty of Montana State University strives to promote the well being of retired faculty and spouses through social, educational, and promotional activities, as well as to encourage continuing retiree contact and involvement with the University. In so doing, helping to enrich the personal and professional lives of persons in the University and the greater community.

Legislative issues of primary concern to retired faculty as well as to the general university community are followed and appropriate levels of input are made to legislative officials on all such matters of interest

MONTANA LEGISLATURE

Montana Legislature Web Site

BILLS OF INTEREST, from the 2013 Legislative Session

TRS FUNDING BILLS

HB 377 "Provide funding for teachers' retirement system defined benefit plan" (creates two tiers of membership, revises contribution rates and keeps existing plans, amended to set lower limits (0.5%) on guaranteed annual adjustments for retirees). Passed both houses, signed by the Governor on 5/06.

HB 454 "Provide Funding for the public employees' retirement system defined benefit plan" (provides funding of state pensions by raising employer and employee contribution rates, sets lower limits (1%)on guaranteed annual adjustments for retirees). Passed both houses, signed by the Governor on 5/06.

OTHER TRS BILLS

HB 78. Clarify break in service requirements for post retirement employment under TRS (requires that retiree cannot do any qualifying post retirement work for 150 days). Passed by both houses, signed by the Governor, 4/22.

HB 54. Revise teacher's retirement system administrative and tax qualification laws (major changes relate to early retiree's and puts limits on "prearranged agreement for post retirement service"). Passed by both houses, signed by the Governor, 5/01.

HB 338 "Provide funding for pension debts, all new hires to DC plan" (require all new state employees to join defined contribution retirement plan, suspending guaranteed annual benefit adjustments for existing retirees, change employer and employee contribution rates for existing employees, designate funding to help pay down unfunded liabilities). Died in committee.

GENERAL

HB 240 "Clarify constitutional provisions and law related to board of regents/u-system" (affirms individual constitutional guarantees regarding the possession of firearms on campus) Passed both houses, vetoed by the Governor on 5/06.

View Text-only Version Text-only Updated: 05/07/2013
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