Teachers’ Retirement System
HELENA—A Helena district judge on Friday halted, for now, a planned cut in the annual cost-of-living raises paid to thousands of retired educators.
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 — Six current and retired educators and the MEA-MFT union filed a lawsuit Friday challenging part of a new law that will lower annual cost-of-living raises for retired teachers from 1.5 percent to 0.5 percent on Jan. 1.
HELENA — The Montana Public Employees’ Retirement System pension fund is in much better financial shape now after some major changes were put in place by the 2013 Legislature, actuaries told a board Thursday.
HELENA — From bison to abortion, from school funding to public-employee pensions, the 2013 Montana Legislature tackled a host of meaty and expensive issues during its 87-day session that ended on Wednesday.
HELENA — The Senate on Wednesday endorsed the two major bills seeking to repair Montana’s financially troubled pension funds for teachers and public employees.
HELENA — Montana’s pension plans are on an “unsustainable course,” and current contribution policies will never pay off their combined $4.3 billion in shortfalls, a researcher from the Pew Center on the States told legislators Tuesday.