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Public Employees Retirement System

Attorneys representing teachers argue that COLA cuts are unconstitutional

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.

December 04, 2013 4:46 pmLoading…

Retirees sue over cut in COLAs

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.

October 31, 2013 11:08 amLoading…

Timing could cut pensions for some state, local early retirees

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.

July 02, 2011 11:55 pmLoading…

State pension funds show double-digit gains

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.

August 11, 2010 11:32 pmLoading…

State’s big pension suggests changes

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.

June 29, 2010 7:42 pmLoading…

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