This bill, requested by the Public Employees' Retirement Board, aims to revise the funding provisions for the Game Wardens' and Peace Officers' Retirement System by amending Section 19-8-504 of the Montana Code Annotated (MCA). The key change involves increasing the employer's contribution rate from 9% to 14.93% of the compensation paid to all eligible employees, excluding those properly excluded from membership. Additionally, the Department of Fish, Wildlife, and Parks is required to include the necessary budget amount in its legislative appropriation request to cover the state's portion of these costs.

The bill also establishes an effective date of July 1, 2023, for the new provisions. This legislative change is intended to ensure adequate funding for the retirement system, thereby supporting the financial security of game wardens and peace officers in Montana.

Statutes affected:
Introduced: 19-8-504