This bill aims to revise and enhance the pension laws related to various retirement systems, specifically targeting the Highway Patrol Officers' Retirement System, the Sheriffs' Retirement System, and the Game Wardens' and Peace Officers' Retirement System. It provides supplemental funding to amortize these systems over a specified number of years and includes appropriations to support this funding. Additionally, the bill revises the contribution structures for the Judges' Retirement System, the Highway Patrol Officers' Retirement System, the Sheriffs' Retirement System, and the Game Wardens' and Peace Officers' Retirement System to ensure that contributions are based on actuarial determinations.

Furthermore, the legislation introduces changes to the retirement criteria for new members of the Sheriffs' Retirement System and the Highway Patrol Officers' Retirement System. It amends several sections of the Montana Code Annotated (MCA) to implement these revisions and ensure the sustainability and adequacy of the retirement systems. The bill is set to take effect upon passage.

Statutes affected:
HB0569_1.pdf: 15-10-420, 17-7-502, 19-2-405, 19-2-409, 19-5-404, 19-6-404, 19-7-403, 19-7-404, 19-8-504
HB0569_2.pdf: 15-10-420, 17-7-502, 19-2-405, 19-2-409, 19-5-404, 19-6-404, 19-7-403, 19-7-404, 19-8-504
HB0569_3.pdf: 15-10-420, 17-7-502, 19-2-405, 19-2-409, 19-5-404, 19-6-404, 19-7-403, 19-7-404, 19-8-504
Amended: 15-10-420, 17-7-502, 19-2-405, 19-2-409, 19-5-404, 19-6-404, 19-6-501, 19-7-403, 19-7-404, 19-7-501, 19-8-504
Introduced: 15-10-420, 17-7-502, 19-2-405, 19-2-409, 19-5-404, 19-6-404, 19-7-403, 19-7-404, 19-8-504