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Public Employees Retirement System
HELENA — The 2013 Legislature unconstitutionally broke a contact with retired educators when it reduced their annual cost-of-living increases for their pensions, attorneys for the MEA-MFT union and some current and retired education employees said in court Wednesday.
HELENA — Four retired public employees and their group have sued the state, contending that the 2013 law cutting cost-of-living raises for pensioners is an unconstitutional violation of their contracts.
HELENA — Some Montana public employees who are taking early retirement this year may face a costly shock in reduced pension checks if they time their departures wrong.
HELENA — Despite a rough last quarter, Montana’s pension funds registered investment gains in the 13 percent range for the fiscal year ending June 30, a consultant said Wednesday.
HELENA — The largest state and local government employees’ pension fund has proposed some changes to turn around and stabilize its finances after its investment assets lost a fourth of their value during the market downturn in 2008 and 2009.