The bill seeks to reinstate former employer contribution rates for several retirement systems, including the Judges' Retirement System, the Highway Patrol Officers' Retirement System, the Sheriffs' Retirement System, and the Game Wardens' and Peace Officers' Retirement System. It establishes a fixed employer contribution rate of 14% of employee compensation, replacing the previous actuarially determined contributions. The bill also clarifies that unfunded liability contribution rates will be calculated based on these new provisions. Additionally, it introduces new appropriations for the Montana Highway Patrol and defines terms related to unfunded liabilities, with most provisions set to take effect on July 1, 2025.

Key amendments include the deletion of language regarding actuarially determined employer contributions and the introduction of a fixed percentage structure for contributions. For example, the employer contribution for the sheriffs' retirement system is set at 9.535% of compensation, with provisions for increased contributions if certain conditions are met. The bill also allows counties to levy taxes to fulfill their employer contribution obligations. Furthermore, it includes a retroactive applicability clause, making the new employer contribution rates effective from July 1, 2023, for various retirement systems, while removing specific references to the judges' retirement system in the context of the deleted language.

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(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: 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