# Talen Montana Retirement Plan

Talen Montana Retirement Plan is a Pension Fund based in Houston, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** Houston, TX, United States
- **Assets under management:** Undisclosed
- **Website:** https://www.talenenergy.com
- **LinkedIn:** https://www.linkedin.com/company/talenenergy

## Regulatory record

- **Reports private funds:** No

## About

Talen Montana Retirement Plan is a private sector pension fund based in Houston, US. It manages $205 million in assets across four funds, primarily focused on North America.

## Sectors

- Real Estate
- Private Equity
- Hedge Funds

## Questions

### What is the relationship between Talen Montana Retirement Plan and Talen Energy?

The plan is sponsored by Talen Montana, LLC, a subsidiary of Talen Energy Corporation. Talen Energy was formed in 2015 when Riverstone Holdings acquired generation assets from PPL Corporation and combined them with other holdings to create an independent power producer. The retirement plan covers employees associated with the legacy Montana coal plants, now part of the Talen portfolio.

### How did litigation with PPL Corporation affect the plan's funding?

Following Talen Energy's separation from PPL Corporation, the retirement plan pursued litigation related to benefit calculations and funding obligations. The resulting settlement injected assets directly into the plan's trust, fortifying its funded status. This litigation-derived capital is a distinctive feature of the plan's asset base, reducing dependency on ongoing employer contributions from Talen Montana, LLC.

### Is the Talen Montana Retirement Plan a state or federal public pension fund?

No. The plan is a private-sector defined benefit plan governed by ERISA, not a government retirement system. The 'Montana' designation reflects the geographic location of the power plants whose workers it covers, not state sponsorship. Oversight falls under federal ERISA requirements and the plan sponsor, Talen Montana, LLC.

## Related profiles

- [Talen Energy Retirement Plans Master Trust](https://altss.com/profile/talen-energy-retirement-plans-master-trust)
- [Talisman Wealth Advisors](https://altss.com/profile/talisman-wealth-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

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