Public Employees' Retirement System of the State of Montana ... Annual Report 1946

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Provided further that all funds so contributed by State Departments and Public Agencies be credited to the Pension Reserve Fund. That all Pension, Disability and Death Benefit payments not pro- vided for in the law by a member himself would be paid out of said Pension Reserve Fund. Because of the 49c contribu- tion from the employer all prior service by any employee rendered either to the State or any political sub-division of the State be considered prior service for retirement require- ments ...with the intent and meaning of the Retirement Law.
6. RESOLVED: That we should seek an amendment to Sec- tion No. 18 (m) of the Public Employees' Retirement Act so as to strike out the "25% hold back" clause and enact in lieu thereof "10%".
—5— 7. RESOLVED: That we should seek an amendment to the Public Employees' Retirement Act, Section No. 14, which establishes a Board of Administration, so that elective State officers shall not be required to serve thereon, and in lieu thereof provide for a board of administration consisting of five members appointed by the Governor, and that com- pensation for services rendered for traveling- expenses and sustenance shall be provided in the amendment.


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