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