HELENA, Mont. (AP) — The Montana Legislature inched closer to finding a fix for its beleaguered pension system when a committee decided to advance both of the major proposed fixes.
But the Joint-Select Committee on Pensions opted Tuesday to leave the big decision to the House, which will have to choose between a plan to fix the current system and one to end it in favor of a defined-contribution plan.
Analysts say Montana's public pension system, which includes both state and local government employees, faces a roughly $4 billion shortfall in 30 years if no action is taken.
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