Bill > HB67

This bill revises various administrative and technical provisions of the Montana Teachers' Retirement System (TRS), making several key changes. The bill clarifies and updates definitions, employer reporting duties, membership rules, and retirement benefit calculations. Specifically, it expands the definition of "educational services capacity" to include a broader range of educational roles, modifies rules for substitute teachers, teacher's aides, and paraprofessionals regarding retirement system membership, and updates mandatory distribution rules to align with recent federal age requirements. The bill also provides more detailed guidelines for how disabled retirees can return to active membership and calculate subsequent retirement benefits. For substitute teachers, teacher's aides, and paraprofessionals, the bill allows an irrevocable election to defer membership until completing 210 hours of service in a fiscal year, with clear provisions for becoming an active member after reaching that threshold. Additionally, the bill revises rules around inactive and dormant membership status, including how and when members might be transferred to dormant status and how their account balances are handled. These changes aim to provide more clarity, flexibility, and administrative efficiency in the Teachers' Retirement System while ensuring compliance with current federal retirement regulations.

Education, Government Affairs

https://bills.legmt.gov/#/laws/bill/20251/LC0266