2007 Retirement bills

MEA-MFT won big victories in protecting retirement for public employees in Montana in the 2007 Legisalture.

HB 63 (Musgrove) – infuses $50 million in one-time-only state revenue into the Teachers Retirement System, increases state-funded employer contributions 2.38% over the next two biennia, and closes loopholes.

In addition to $50 million in one-time-only revenue, biennial cost to state general fund - $27 million.

Status: PASSED

HB 95 (Olson) - MEA-MFT's bill to increase university "Optional" Retirement Plan employer contribution by 1%. Such an increase is long overdue. Currently, the Montana University System ORP plan has the lowest ongoing employer contribution rate of any plan in the country. This bill will help. Read more.

Status: PASSED