House Bill No. introduced by M. Bertoglio seeks to reinstate former employer contribution rates for several retirement systems, including the Judges' Retirement System, Highway Patrol Officers' Retirement System, Sheriffs' Retirement System, and Game Wardens' and Peace Officers' Retirement System. A significant change is the introduction of a 0% employer contribution rate for the Judges' Retirement System, which deviates from the previous actuarially determined contributions. The bill also includes appropriations related to the implementation of these new rates and outlines a framework for contributions that will take effect on July 1, 2023.

In addition to the changes in employer contribution rates, the bill amends various sections of the Montana Code Annotated (MCA) to clarify funding mechanisms for retirement plans, ensuring they adhere to actuarially sound principles. It removes previous requirements for actuarially determined contributions for the Judges' Retirement System and specifies that if the funded ratio of this system drops below 120%, employer contribution rates will increase to 25.81%. The bill also reduces the employer contribution rate for the Sheriffs' Retirement System from 13.115% to 9.535% for the fiscal year 2023-2024 and allows counties to levy taxes if required contributions exceed available funds. The bill is set to take effect on July 1, 2025, with certain sections effective upon passage and approval, and it applies retroactively to employer contribution rates from July 1, 2023.

Statutes affected:
LC Text: 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
HB0085_1(1): 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
HB0085_1(2): 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
HB0085_1(3): 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
HB0085_1(4): 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
HB0085_1(5): 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
HB0085_1(6): 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
HB0085_1(7): 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
HB0085_1: 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
HB0085_2(1): 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
HB0085_2(10): 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
HB0085_2(11): 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
HB0085_2(12): 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
HB0085_2(13): 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
HB0085_2(2): 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
HB0085_2(3): 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
HB0085_2(4): 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
HB0085_2(5): 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
HB0085_2(6): 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
HB0085_2(7): 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
HB0085_2(8): 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
HB0085_2(9): 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
HB0085_2: 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
HB0085_3(1): 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
HB0085_3(10): 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
HB0085_3(2): 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
HB0085_3(3): 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
HB0085_3(4): 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
HB0085_3(5): 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
HB0085_3(6): 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
HB0085_3(7): 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
HB0085_3(8): 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
HB0085_3(9): 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
HB0085_3: 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
HB0085_X(1): 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
HB0085_X(10): 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
HB0085_X(2): 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
HB0085_X(3): 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
HB0085_X(4): 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
HB0085_X(5): 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
HB0085_X(6): 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
HB0085_X(7): 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
HB0085_X(8): 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
HB0085_X(9): 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
HB0085_X: 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