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House approves information'gathering on retirement conversion; does not open conversion window
Summary
House Bill 100 passed 39-31 to collect applications (not immediately open a conversion window) from employees interested in switching retirement systems; sponsors said the measure is intended to produce a more accurate fiscal estimate, while some members warned it could create expectations among employees.
The Utah House passed House Bill 100 on a 39-31 vote after members debated whether the measure would create expectations that a retirement conversion window would open.
Representative Brad King, who introduced the measure, said the bill ‘‘does not open a window. It merely directs that the ... survey [application] be taken,’’ explaining…
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