Montana § 19-2-407 Reports

Montana Statutes

§ 19-2-407 — Reports

Montana § 19-2-407

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 2PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS

Part 4Administration

This text of Montana § 19-2-407 (Reports) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 19-2-407 (2026).

Text

19-2-407 . Reports.

(1)As soon as practical after the close of each fiscal year, the board shall file with the governor and with the legislature pursuant to 5-11-210 a report of its work for that fiscal year. The report must include but is not limited to:

(a)a statement as to the accumulated cash and securities in the pension trust funds as certified by the state treasurer and the board of investments;

(b)a summary of the most recent information available from the actuary concerning the actuarial valuation of the assets and liabilities of each system or plan; and

(c)an analysis of how market performance is affecting actuarial funding of each of the retirement systems or plans.

(2)The report required under subsection (1) must also provide information concerning the defined contribution

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19-2-407 . Reports. (1) As soon as practical after the close of each fiscal year, the board shall file with the governor and with the legislature pursuant to 5-11-210 a report of its work for that fiscal year. The report must include but is not limited to:
(a) a statement as to the accumulated cash and securities in the pension trust funds as certified by the state treasurer and the board of investments;
(b) a summary of the most recent information available from the actuary concerning the actuarial valuation of the assets and liabilities of each system or plan; and
(c) an analysis of how market performance is affecting actuarial funding of each of the retirement systems or plans.
(2) The report required under subsection (1) must also provide information concerning the defined contribution plan, including a description of the plan, the number of members in the plan, plan contribution rates, the total amount of money invested by members, investment performance, administrative costs and fees, and other information required under applicable governmental accounting standards and as determined by the board.

Legislative History

En. 68-1803 by Sec. 20, Ch. 323, L. 1973; amd. Sec. 4, Ch. 132, L. 1977; amd. Sec. 9, Ch. 332, L. 1977; R.C.M. 1947, 68-1803(2); amd. Sec. 9, Ch. 265, L. 1993; Sec. 19-3-306 , MCA 1991; redes. 19-2-407 by Sec. 238, Ch. 265, L. 1993; amd. Sec. 10, Ch. 471, L. 1999; amd. Sec. 8, Ch. 562, L. 1999; amd. Sec. 6, Ch. 285, L. 2007; amd. Sec. 2, Ch. 170, L. 2015.