State Administration and Veterans' Affairs Interim Committee
Pension Oversight Duties
Under section 5-5-228, MCA, the committee shall:
consider the actuarial and fiscal soundness of the state's public employee retirement systems, based on reports from the teachers' retirement board, the public employees' retirement board, and the board of investments, and study and evaluate the equity and benefit structure of the state's public employee retirement systems;
establish principles of sound fiscal and public policy as guidelines;
as necessary, develop legislation to keep the retirement systems consistent with sound policy principles; and
publish, for legislators' use, information on the state's public employee retirement systems that the committee considers will be valuable to legislators when considering retirement legislation.