The bill revises pension laws concerning service credit for members of the Montana legislature by amending Section 19-3-521 of the Montana Code Annotated (MCA). It establishes that legislative members will receive membership service and service credit starting from the date they assume office, provided they pay regular contributions for that portion of each year. Additionally, when calculating the service retirement benefit for legislative members, the plan provisions applied 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 includes a new section that specifies the effective date of the act as July 1, 2025. This legislative change aims to clarify the service credit process for legislative members and ensure that their retirement benefits are calculated based on their contributions and service accurately.

Statutes affected:
LC Text: 19-3-521