From the Billings Gazette: "The taxpayer bailout of the state's public employee pension systems will cost nearly $300 million over the next six years under a plan that could be headed to a special legislative session.
"An interim legislative panel unanimously approved the plan Wednesday, which includes a one-time infusion of $125 million into the retirement systems for public employees, teachers, sheriffs and game wardens."
You can follow the work of the State Administration and Veterans' Affairs Interim Committee on their website. The text of newly drafted bills, meeting agendas, and minutes are available on the site. The bill which calls for appropriations of $125 million from the general fund is LC2005-2.
Sources: "Plan calls for $288 million pension bailout." Missoulian December 1, 2005. B4.
"Pension bailout likely to cost taxpayers hundreds of millions." Billings Gazette November 30, 2005.
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