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State Fund Management Fee Called Budget Fix, Incentive to Lower costs

By Greg Jones (Deputy Editor)

Wednesday, November 15, 2017 | 447 | 0 | 0 min read

A 3% management fee on Montana State Fund investments would generate $30 million to help cover a $227 million budget shortfall while also having the potential to drive down rates by sending a message to the carrier that it shouldn’t be hoarding capital, according to supporters. Sen. Ed Buttrey Opponents say the proposed fee is essentially a tax on only those businesses that purchase comp coverage from the state-chartered carrier, which could weaken its financial position and lead to higher rates or lower dividends in the future. Despite two days of hearings, the bill to impose ...

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