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State work-comp fund sues to block $30M transfer approved last week by Montana special session

November 21, 2017View for printing

"Montana State Fund funds and assets belong to MSF policyholders and cannot be encumbered by the Legislature," the suit said. "... It is not the duty of MSF policyholders to solve the state's fiscal problems."

The state workers' compensation fund has filed suit to invalidate a $30 million charge on its investment assets - a charge approved last week by the Legislature to help balance the state budget.

The Montana State Fund, a quasi-governmental body that writes work-comp insurance for about 26,000 businesses and government agencies in the state, asked a state judge in Helena Friday to block any transfer of the money and to declare the new law authorizing the charge unconstitutional.

By Mike Dennison - MTN News ... ial-session
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