Senate Bill No. [insert bill number] aims to revise pension laws concerning service credit for members of the Montana legislature. The bill amends Section 19-3-521 of the Montana Code Annotated (MCA) to clarify that legislative members will receive membership service and service credit starting from the date they assume office, contingent upon their payment of regular contributions. Additionally, the bill specifies that when calculating the service retirement benefit for legislative members, the applicable plan provisions will be those relevant to the earliest period for which the member has paid required contributions or purchased service credit, but not before the date they assumed office, unless they have prior non-legislative covered employment.

The bill also establishes an effective date of July 1, 2025, for these changes to take effect. This legislative update aims to ensure clarity and fairness in the calculation of service credit and retirement benefits for legislative members, aligning the provisions with their actual service and contributions.

Statutes affected:
LC Text: 19-3-521
SB0419_1(1): 19-3-521
SB0419_1(2): 19-3-521
SB0419_1: 19-3-521