This bill is intended to help fix the acutarial problems with PERS by changing the retirement ages and the employee/employer contributions. The estimated effect on Missoula County for the increase in PERS rates is $316,397 in FY12 and an additional $249,131 in FY13. While it is important that the acutarial deficit is dealt with, Missoula County will not be able to take this increase without significant cuts or tax increases.
This bill is intended to help fix the acutarial problems with PERS by changing the retirement ages and the employee/employer contributions. The estimated effect on Missoula County for the increase in PERS rates is $316,397 in FY12 and an additional $249,131 in FY13. While it is important that the acutarial deficit is dealt with, Missoula County will not be able to take this increase without significant cuts or tax increases.
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