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Problems mount for teachers' pension system

HELENA — It would take an immediate infusion of $633 million or a combination of other actions over time to prevent the state's teacher pension system from running out of money by 2055, administrators said Monday.

Officials with the Montana Teachers' Retirement System said they would work with members and lawmakers hoping to come up with solutions before the 2013 legislative session.

The actuarial report from last week painted a dire picture for the large pension system. An update is due later this month for Montana's other public employee pension systems.

The actuaries said that future s...

 

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