{"data":{"id":"us-mt/19-20-607","jurisdiction":"us-mt","citation":"19-20-607","heading":"Supplemental state contribution -- appropriation.","body":"(1) (a) Each month, the state shall contribute, as a supplemental contribution to the teachers' retirement system, from the general fund to the pension trust fund an amount equal to 2.38% of the total earned compensation of active members of the employers listed in 19-20-605(3) participating in the system.\n(b) (i) Except as provided in subsection (1)(b)(ii), beginning July 1, 2013, and on each July 1 thereafter, the state shall contribute from the general fund to the pension trust fund $25 million as a supplemental contribution to the teachers' retirement system.\n(ii) If the legislative finance committee determines that the board has failed to provide a sufficient report pursuant to 19-20-216, it shall recommend that $5 million be subtracted from the amount allocated in subsection (1)(b)(i) subject to legislative approval.\n(2) The contributions are statutorily appropriated, as provided in 17-7-502, to the pension trust fund. The board shall determine and shall certify to the state treasurer amounts due under this section on a monthly basis. The state treasurer shall transfer the certified amounts to the pension trust fund within 1 week following receipt of the certification from the board.","path":["TITLE 19. PUBLIC RETIREMENT SYSTEMS","CHAPTER 20. TEACHERS' RETIREMENT","Part 6. Funds -- Contributions"],"source_url":"https://mca.legmt.gov/bills/mca/title_0190/chapter_0200/part_0060/section_0070/0190-0200-0060-0070.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:08Z","sha256":"91888292ccfe36f7e62cdf2094d24ec544a617c28c6f7da250f4858162ec4d5b","source_id":"us-mt","stale":false,"prev":"us-mt/19-20-606","next":"us-mt/19-20-608"},"notice":"GroundRules: Original legal text. Not legal advice."}