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House amends retirement code language to limit pension ‘spiking’ and updates systems
Utah House of Representatives · February 20, 1996
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Summary
Lawmakers approved a first substitute to HB156 to make technical corrections across Utah retirement systems, repeal a rarely used early-retirement buy-down, and exclude salary increases over 10% from the final average salary calculation to curb 'spiking.'
The Utah House adopted a first substitute to House Bill 156 on Feb. 20 after floor amendments and sponsor explanations intended to fix technical inconsistencies across multiple state retirement systems.
Representative Christine Bodley, sponsor of the substitute, described the package as largely a housekeeping…
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