Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.43 - PUBLIC EMPLOYEES' RETIREMENT BOARD
Subchapter 2.43.13 - General
Rule 2.43.1310 - APPLICATION OF ACTUARIAL ASSUMPTIONS FOR DETERMINING GABA
Universal Citation: MT Admin Rules 2.43.1310
Current through Register Vol. 18, September 20, 2024
(1) For purposes of determining the PERS GABA rates referenced in 19-3-1605(5), MCA, the actuary will:
(a) reduce the 1.5%
GABA rate established in
19-3-1605(4), MCA
by 0.1% for each full 2 percentage points the funded percentage is below
90%;
(b) establish a GABA rate
expressed in tenths of a percent.
(2) This rule will not apply until the PERS amortization period is under 40 years.
(3) Once the PERS amortization period is under 40 years, the actuary will adjust the 1.5% GABA each year, based on that year's funding percentage.
19-2-403, 19-3-1605, MCA; IMP, 19-2-405, 19-3-1605, MCA;
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