This bill revises and clarifies various administrative and tax qualification provisions of the Teachers' Retirement System in Montana. Key changes include the introduction of new definitions such as "part-time teacher's aide" and "educational services capacity," which clarify the roles of individuals in educational settings. The bill also specifies that active members concurrently employed in certain positions cannot participate in the university system retirement program and outlines criteria for bona fide volunteer positions that are not reportable to the retirement system. Additionally, it amends the process for inactive members transitioning to dormant membership status and clarifies conditions for purchasing service credits.

Notable insertions in the bill include the addition of "cocurricular" to the definition of "extra duty service," and the clarification that a paraprofessional can be employed in a non-educational capacity for student supervision. The bill requires employers to report the names and earnings of substitute teachers and paraprofessionals who have opted out of the retirement system before reaching 210 hours of employment, establishing that once they complete 210 hours of service, they automatically become active members of the retirement system. The bill also revises mandatory distribution provisions to align with federal law and clarifies calculations for disability retirement allowances, with an effective date set for July 1, 2025. Overall, the bill aims to enhance the clarity and efficiency of the Teachers' Retirement System while ensuring compliance with federal regulations.

Statutes affected:
LC Text: 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1(1): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1(2): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1(3): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1(4): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1(5): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1(6): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1(7): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_1: 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_X(1): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_X(2): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_X(3): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_X(4): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_X(5): 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905
HB0067_X: 19-20-101, 19-20-208, 19-20-302, 19-20-303, 19-20-417, 19-20-703, 19-20-905