Board won't pay Dennison's higher pension
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ntana board won't pay Dennison's higher pension
MATT GOURAS,Associated Press Writer
HELENA, Mont. (AP) — A state retirement board on Friday shot down a request from outgoing University of Montana President George Dennison to increase his pension based on his recent 35 percent pay increase.
State rules prevent big salary increases near retirement from causing a similar increase in pension payments. But Dennison was asking the Teacher's Retirement Board to grant an exception to the 10 percent cap on such last-minute pay hikes.
The board rejected the request, saying it would not be appro...
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