The TRS of MT administers pension and other benefits for all teachers and other certificated employees of public schools, colleges, and universities. The System also administers an optional retirement plan for approximately 4,400 employees of the state university system. Assets are managed by the State Board of Investments.
Montana Teachers Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Montana Teachers |
4,148.3 |
36,351 |
| Other Plans |
0 |
0 |
| Total |
4,148.3 |
36,351 |
Source: Public Plans Database (as of 2018)
Note: Montana Teachers Retirement System has 0 other plans.
Assets
Assets at Year-End
Montana Teachers Retirement System
2001-2018
| Fiscal Year |
Net Assets (billions) |
| 2001 |
2.2 |
| 2002 |
2.0 |
| 2003 |
2.1 |
| 2004 |
2.4 |
| 2005 |
2.5 |
| 2006 |
2.7 |
| 2007 |
3.2 |
| 2008 |
3.0 |
| 2009 |
2.3 |
| 2010 |
2.5 |
| 2011 |
3.0 |
| 2012 |
2.9 |
| 2013 |
3.2 |
| 2014 |
3.7 |
| 2015 |
3.7 |
| 2016 |
3.7 |
| 2017 |
4.0 |
| 2018 |
4.1 |
Membership
Ratio of Actives to Beneficiaries, 2001-2018
| Fiscal Year |
Montana Teachers Retirement System |
US State and Local Pensions |
| 2001 |
1.9 |
2.4 |
| 2002 |
1.8 |
2.3 |
| 2003 |
1.8 |
2.2 |
| 2004 |
1.7 |
2.1 |
| 2005 |
1.6 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.6 |
2.0 |
| 2008 |
1.5 |
1.9 |
| 2009 |
1.5 |
1.9 |
| 2010 |
1.5 |
1.8 |
| 2011 |
1.4 |
1.7 |
| 2012 |
1.3 |
1.6 |
| 2013 |
1.3 |
1.5 |
| 2014 |
1.2 |
1.5 |
| 2015 |
1.2 |
1.4 |
| 2016 |
1.2 |
1.4 |
| 2017 |
1.2 |
1.4 |
| 2018 |
1.2 |
1.3 |
2018 Membership for Montana Teachers Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 18,646 |
15,933 |
1,772 |
36,351 |
365 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Montana Teachers Retirement System
2001-2018
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-26.0 |
2,239.2 |
| 2002 |
-37.9 |
2,041.7 |
| 2003 |
-44.3 |
2,123.6 |
| 2004 |
-50.6 |
2,354.8 |
| 2005 |
-56.4 |
2,487.1 |
| 2006 |
33.8 |
2,745.8 |
| 2007 |
-21.2 |
3,209.3 |
| 2008 |
-62.6 |
2,993.4 |
| 2009 |
-78.7 |
2,301.6 |
| 2010 |
-74.0 |
2,521.4 |
| 2011 |
-88.1 |
2,972.4 |
| 2012 |
-106.6 |
2,932.2 |
| 2013 |
-120.9 |
3,185.1 |
| 2014 |
-73.2 |
3,652.2 |
| 2015 |
-108.3 |
3,708.4 |
| 2016 |
-123.1 |
3,656.8 |
| 2017 |
-133.1 |
3,950.8 |
| 2018 |
-146.4 |
4,148.3 |
2018 Cash Flows for Montana Teachers Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 214.8 |
361.2 |
343.9 |
197.6 |
Cash Flow as a Percentage of Assets
Montana Teachers Retirement System
2001-2018
| Fiscal Year |
Montana Teachers Retirement System |
National Average |
| 2001 |
-1.2 |
-2.0 |
| 2002 |
-1.9 |
-2.4 |
| 2003 |
-2.1 |
-2.6 |
| 2004 |
-2.1 |
-2.0 |
| 2005 |
-2.3 |
-2.2 |
| 2006 |
1.2 |
-2.2 |
| 2007 |
-0.7 |
-2.1 |
| 2008 |
-2.1 |
-2.3 |
| 2009 |
-3.4 |
-3.1 |
| 2010 |
-2.9 |
-3.2 |
| 2011 |
-3.0 |
-3.1 |
| 2012 |
-3.6 |
-3.3 |
| 2013 |
-3.8 |
-3.1 |
| 2014 |
-2.0 |
-2.9 |
| 2015 |
-2.9 |
-2.8 |
| 2016 |
-3.4 |
-3.0 |
| 2017 |
-3.4 |
-2.9 |
| 2018 |
-3.5 |
-2.6 |
