HELENA, Mont. (AP) — Montana Gov. Brian Schweitzer proposed an aggressive public pension fix Tuesday, a plan that comes as he nears the end of his term and one that faces a very uncertain future when it goes to his successor and the Legislature next year for potential implementation.
Key aspects of the proposal met with immediate criticism from a leading Republican candidate to replace Schweitzer. The leading Democrat was more receptive.
The projected shortfall for the state's government worker pension system exceeds $3 billion over the next 30 years. Lawmakers are currently discussing potential fixes in an interim committee but have not identified any solutions.
Schweitzer's plan calls for employees and their public employers to each increase their contributions an additional 1 percent of the salary paid. His plan would also funnel some revenue from natural resource development into the pensions, and require local governments to kick in more for their employees as well.
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