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Legislative Finance Committee October Update

Posted Date: 
October 2, 2012
Amy Carlson, Legislative Fiscal Analyst

LFC Plans Pension Review in November

The Pew Center on the States and the Laura and John Arnold Foundation recently joined forces to offer assistance to states examining options for comprehensive pension reform. Montana legislative leadership requested assistance from the foundations in evaluating the issues surrounding Montana public pension plans and was recently notified of acceptance.

The first project for the foundations is to quantify the size and nature of the problem. This would include such items as quantifying the under-funding, projecting retirement costs into the future, recording the history behind the issues, and documenting the risk of taking no action. A presentation of this information is tentatively planned for the Nov. 13 meeting of the Legislative Finance Committee. An evening presentation also is planned for other legislators, stakeholders, and the general public.

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Amy Carlson | | (406) 444-2988