Officials discuss state pension woes
A Montana retirement board is adjusting its rules in hopes a way can still be found to preserve a legislative fix to the public employee pension system.
Triggers in the law that went into place July 1 could inadvertently eradicate in January the planned increases to the amount employees and employers pay into the system.
The Public Employees Retirement Board adjusted its rules so the problem might be prevented if the courts rule quickly on a threatened lawsuit from retirees.
The retirees argue the law unconstitutionally cuts their annual inflationary increases. If they win, it could gut the other piece of the legislative fix.
Lawmakers had asked the board to issue rules that could guarantee that at least the portion of the fix that increases contributions could remain in place.