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Commission keeps county retirement matching at 2.5% after URS actuarial-rate update
Summary
Following actuarial changes reported by staff, the Uintah County Commission approved the Utah Retirement System (URS) renewal rates and voted to retain the county's current 2.5% match for employee retirement contributions rather than increasing it.
County staff summarized the Utah Retirement System actuarial results and recommended adopting the URS renewal rates for the coming fiscal year. Mike Wilkins told the commission the required county contribution rates change modestly: overall required contributions for rank-and-file (tier 1) employees fall by 1%, and public-safety required contributions fall by 0.5%. Wilkins said the tier-2 rank-and-file employee share rose from 0.70% to…
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