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Montana Administrative Register Notice 2-43-491 No. 21   11/14/2013    
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BEFORE THE PUBLIC EMPLOYEES' RETIREMENT BOARD

OF THE STATE OF MONTANA

 

In the matter of the adoption of New Rule I and the amendment of ARM 2.43.2114 pertaining to required employer reports regarding employer contributions paid on behalf of university employees who elect to participate in the Optional Retirement Program rather than in the Public Employees' Retirement System

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NOTICE OF ADOPTION AND AMENDMENT

 

TO: All Concerned Persons

 

1. On August 22, 2013, the Public Employees' Retirement Board published MAR Notice No. 2-43-491 pertaining to the public hearing on the proposed adoption and amendment of the above-stated rules at page 1470 of the 2013 Montana Administrative Register, Issue Number 16.

 

2. The Public Employees' Retirement Board has amended the above-stated rule as proposed.

 

3. The Public Employees' Retirement Board has adopted the above-stated rule as proposed: New Rule I (2.43.3601).

 

4. The Public Employees' Retirement Board has thoroughly considered the comment received. A summary of the comment received and the Public Employees' Retirement Board's response are as follows:

 

COMMENT 1: A commenter requested additional explanation in regards to MAR Notice No. 2-43-491. She also requested to have "Optional Retirement Plan" changed to the "Montana University System-Retirement Plan."

 

RESPONSE 1: It was explained that the changes to the name of the Optional Retirement Plan would be changed in a rule notice that will be filed October 7, 2013. HB 320 requires the name change but is not effective until October 1, 2013.

 

 

/s/ Melanie A. Symons                               /s/ Scott E. Moore                           

Melanie A. Symons                                    Scott E. Moore

Chief Legal Counsel                                   President

and Rule Reviewer                                     Public Employees' Retirement Board

 

           

Certified to the Secretary of State October 22, 2013

 

 

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