Montana § 19-20-609 - Employer's Supplemental Contribution -- Actuarially Determined Adjustments
Full text of Montana Montana Code Annotated § 19-20-609 — Employer's Supplemental Contribution -- Actuarially Determined Adjustments, with citation guidance and answers to common questions.
§ 19-20-609. Employer's Supplemental Contribution -- Actuarially Determined Adjustments
Employer's supplemental contribution -- actuarially determined adjustments. (1) (a) Subject to subsections (1)(b) through (1)(d), each employer shall contribute to the retirement system a supplemental amount equal to the percentage specified in subsection (1)(b) of total earned compensation of each member employed during the whole or part of the preceding payroll period. (b) For fiscal years beginning after June 30, 2024, the percentage of compensation to be contributed under subsection (1)(a) is 2%. For fiscal years beginning after June 30, 2027, there is a 0.1% increase each fiscal year through the fiscal year ending June 30, 2047. For fiscal years beginning after June 30, 2047, the percentage of compensation to be contributed under subsection (1)(a) is 4%. (c) The board may decrease the employer's supplemental contribution if: (i) the average funded ratio of the system based on the last three actuarial valuations is equal to or greater than 90%; (ii) the period necessary to amortize all liabilities of the system based on the most recent annual actuarial valuation is less than 15 years; and (iii) the guaranteed annual benefit adjustment has been increased to the maximum allowed under 19-20-719 . (d) Following one or more decreases in the supplemental contribution rate pursuant to subsection (1)(c), the board may increase the supplemental contribution to a rate not to exceed 1% if: (i) the average funded ratio of the system based on the last three annual actuarial valuations is equal to or less than 80%; and (ii) the period necessary to amortize all liabilities of the system based on the most recent annual actuarial valuation is greater than 20 years. (2) After the board has actuarially determined the need to impose, increase, or decrease a supplemental contribution rate under this section, the imposition, increase, or decrease is effective on the first day of July following the board's determination.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 19-20-609
What does Montana Code Annotated § 19-20-609 cover?
Section 19-20-609 ("Employer's Supplemental Contribution -- Actuarially Determined Adjustments") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 19-20-609?
A common citation format is "Montana Code Annotated § 19-20-609" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 19-20-609 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.