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This document contains the actuarial evaluation as of July 1, 1991, for the Teachers’ Retirement System of the State of Montana. Prepared by Hendrickson & Associates, Hendrickson, Miller & Associates, Milliman & Robertson, inc, Hendrickson, Bird & McKoskey, and Hendrickson and Bird, this report provides a detailed analysis of the system’s financial status and projected liabilities. It offers key insights into the funding requirements and long-term sustainability of the retirement benefits provided to Montana’s teachers. This actuarial evaluation is a valuable resource for understanding the complexities of public pension systems and the challenges of ensuring adequate retirement security for educators. The report is of interest to policymakers, educators, and anyone involved in financial planning and public finance.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.