9.5% w/o GABA 10.7% w/GABA 7/1/97 Also 1% withheld & paid 14.36% 32.61% – to Montana State Firemen’s Association Contributions are expressed as a percentage of the employee’s gross pay **Employee contribution must be payable from the same source as is used to pay the compensation. refers to annual benefit adjustment” “GABA” “guaranteed RETIREMENT SYSTEMS DEFINED – “COMPENSATION” Applicable to PERS, MPORS, and FURS For purposes of retirement systems, "compensation" remuneration paid before any … MCA 19-3-108(1) (PERS); pretax deductions allowed by state or federal law are made. (MPORS) and 19-13-104(2) (FURS) The above statutes list items that are not included in compensation. Compensation does not include contributions to group insurance, such as that provided under 2-18-701 through All the above statutes indicate that bonuses that are one-time, temporary payments in addition to and not considered part of base pay are not considered compensation. MCA 19-3-108(1) Pre-tax deductions, including elective contributions under an IRC section 125 (Section 125) cafeteria plan, may be considered compensation for purposes of these retirement systems, but only if the following conditions are met: If an employer increases a member's compensation to account for health, dental, vision, life or disability the amount of the increase can be included in compensation for retirement system purposes only if the employer includes that amount, to the extent required by applicable federal and state law, in its calculation of the member's compensation for all purposes, including but not limited to federal and state income taxes, FICA, unemployment insurance, overtime, shift differentials, workers' compensation, and benefits based on compensation, such as life or disability benefits based on a multiple or percentage of annual pay.
7/1/97 9.5% w/o GABA 10.7% w/GABA Also – 1% withheld & paid to Montana State Firemen’s Association 14.36% 32.61% Contributions are expressed as a percentage of the employee’s gross pay **Employee contribution must be payable from the same source as is used to pay the compensation. “GABA” refers to “guaranteed annual benefit adjustment” RETIREMENT SYSTEMS – “COMPENSATION” DEFINED Applicable to PERS, MPORS, and FURS For purposes of retirement systems, "compensation" remuneration paid … before any pretax deductions allowed by state or federal law are made. MCA 19-3-108(1) (PERS); (MPORS) and 19-13-104(2) (FURS) The above statutes list items that are not included in compensation. Compensation does not include contributions to group insurance, such as that provided under 2-18-701 through All the above statutes indicate that bonuses that are one-time, temporary payments in addition to and not considered part of base pay are not considered compensation. MCA 19-3-108(1) Pre-tax deductions, including elective contributions under an IRC section 125 (Section 125) cafeteria plan, may be considered compensation for purposes of these retirement systems, but only if the following conditions are met: If an employer increases a member's compensation to account for health, dental, vision, life or disability the amount of the increase can be included in compensation for retirement system purposes only if the employer includes that amount, to the extent required by applicable federal and state law, in its calculation of the member's compensation for all purposes, including but not limited to federal and state income taxes, FICA, unemployment insurance, overtime, shift differentials, workers' compensation, and benefits based on compensation, such as life or disability benefits based on a multiple or percentage of annual pay.