Montana Public Employees Retirement Board

Montana Public Employees Retirement Board (MPERA) is a public pension plan based in Helena, Montana. The plan provides retirement, annuity, health and disability benefits to the eligible government employees. The Public Employees Retirement Board (PERB) is an independent board, appointed by the Governor to administer eight retirement systems and the State's Deferred Compensation Plan. The board approves MPERA's operating budget, decides legislative policy and priorities, and hires the executive director. In addition, the board establishes the policies and procedures that govern operations at MPERA, hear and rule on appeal matters of disabilitants, retirees, and members. The assets of the plan are managed and governed by the board of directors.