The bill revises supplemental employer contributions to various retirement systems in Montana, specifically extending and increasing the supplemental employer contribution rate for the Public Employees' Retirement System. It introduces new supplemental employer contribution rates for the Highway Patrol Officers' Retirement System, the Sheriffs' Retirement System, and the Game Wardens' and Peace Officers' Retirement System. Key amendments include changes to the employer contribution percentages, with the Public Employees' Retirement System's additional contribution rate increasing from 1.27% to 3.27% by fiscal year 2035, and similar increases for the other retirement systems.

Additionally, the bill establishes a framework for annual reviews of these contributions by the retirement boards to ensure they align with the amortization schedules for unfunded liabilities. The effective date for these changes is set for July 1, 2025. Notable deletions from current law include the termination of certain contribution rates previously set for fiscal year 2024, while new insertion provisions outline the gradual increase of employer contributions through fiscal year 2035.

Statutes affected:
LC Text: 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_1(1): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_1(2): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_1(3): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_1(4): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_1(5): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_1(6): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_1: 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(1): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(10): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(11): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(12): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(13): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(14): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(2): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(3): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(4): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(5): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(6): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(7): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(8): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2(9): 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_2: 19-3-316, 19-6-404, 19-7-404, 19-8-504
SB0056_X: 19-3-316, 19-6-404, 19-7-404, 19-8-504