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Resident questions rising URS net pension liability; committee suggests Utah Retirement Systems presentation
Summary
Resident Chris Pulver asked the committee to clarify the city—s net pension liability reported in the long-term debt footnote. Officials recommended inviting Utah Retirement Systems for a public presentation to explain the components of the liability.
During the public-comment period on Jan. 9, resident Chris Pulver asked for a clearer explanation of the city—s reported net pension liability related to Utah Retirement Systems (URS).
"When you have a net pension asset of 0, but yet a net pension liability of 1.4 million, where does it come from?" Pulver asked, calling the pension…
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