Montana State Legislature

SJR 27 - Workers' Compensation Study

The SJR 27 study of workers' compensation focused on Montana State Fund's structure. The Economic Affairs Interim Committee  planned to devote about half of its meeting time to this study. The final report, "The Future of Montana State Fund as Referenced by the SJR 27 Study," did not include any recommended bill drafts.

SJR 27 bill draft proposals

• LCMSF1- Allowing Montana State Fund to opt out of certain state processes
• LCMSF2 - Allowing state government to choose among options for workers' compensation insurance
• LCMSF3 - Revising appointment of Montana State Fund Board of Directors

Binder Information:

• Asset Questions:
   Statutes, Constitution, Building, Parking Garage, Policy Language; Flow of Funds
• Mutualization/Privatization Options:
  • Is Montana unique? Oregon 2016 study; Oregon Study Analysis (long version); Other State Experiences, Legal Challenges
  • Transition issues: Dept. of Administration impact (2014), (2018); MSF summary impact (2014); PERS Impact October Analysis
  • Valuing MSF - Policyholder Lawsuit Filing
  • What to do with Old Fund management? Old Fund Transfers; Liability Analysis (2014)
• Dissolution Options - SB 371(2017); Unofficial fiscal notations DLI, MSF
• Incremental Changes: Premium Tax (see SB 11 (2017 Special Session and Fiscal Note), State Dividends; Other Insurer Options for State Agencies and MSF Response (2010); Dept of Administration Comments (2010); Actuarial Assessment (2010)

Meetings and Materials

• September 2018 - See EAIC September 2018 Main Meeting Page
• July 2018 Meeting See EAIC July Main Meeting Page
• April 2018 Meeting
  • Agenda; Minutes Log (to be posted after meeting)
  • SJR 27 Draft Final Report Component Information
  • Decision Chart (legal paper)
  • State Auditor's MSF Examination Report, Presentation
  • FAIR Montana Presentation (Comments 1,2,3)
  • Montana workers' compensation insurers by market share (State Auditor's Office summary of NAIC data)
  • Montana State Fund Board Member/Federal Tax Exemption
  • NCCI Residual Market Q&A, Maps, Differentials/Surcharges
  • NCCI Loss Cost Filing Information, Q&A Responses
  • Multi-State Benefits Comparison, Spreadsheet

• February 2018 Meeting
  • Agenda; Minutes Log
  • Flow of Funds
  • Comment from State Auditor's Office
  • Other States' Experiences in Privatization
  • Decision Chart (updated slightly for April, see above)
  • Memo on "Whose Money is It?"
  • Policyholder Lawsuit Filing
  • 2017 Actuarial Letter: Potential Impact on PERS if State Fund No Longer Participates
  • 2014 Actuarial Letter on Changes in State Fund PERS Participation
  • Experience of University System in Pension, Work Comp Changes
  • State Costs (2018) Associated with Montana State Fund
  • MSF State Cost Estimates 2018, Attachment
  • Oregon Study Comparisons Analysis
  • Montana Worker Health/Fatality Data, Slides
• November 2017 Meeting
  • Agenda; Minutes Log
  • Options Paper
  • Definitions
  • Montana's Work Comp System - Overview
  • Alternatives to Guaranteed Market
    • Hockman presentation
    • Merritt presentation
• September 2017 Meeting
  • Review of State Fund Studies, Topics