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House approves Post Retirement Benefits Trust Fund bill, cites $46.8 million actuarial figure
Summary
House Bill 381, sponsored on the floor by Representative David Clark, would open a trust fund for other post-employment benefits, set up a three-member governing board, and direct the state treasurer to invest funds; the sponsor cited an actuary recommendation of about $46,800,000 per year for 25 years. The House passed the bill and will send it to the Senate.
The Utah House approved House Bill 381 on third reading, a bill to establish a Post Retirement Benefits Trust Fund and governance structure to invest funds for other post-employment benefits.
Representative David Clark explained the bill to the chamber, citing a completed actuarial study under Governmental Accounting Standards Board (GASB) rules. "The actuary for other post…
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