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House passes bill requiring school districts to fund promised post-employment health benefits
Summary
The House approved House Bill 423 on March 10, 2014, requiring school districts to address unfunded OPEB liabilities and to begin paying the actuary-required contribution (ARC) within a 20-year plan absent narrow exceptions; the measure passed 57–15 and moves to the Senate.
The Utah House of Representatives on March 10 approved House Bill 423, a measure directed at school-district post-employment health insurance obligations, by a vote of 57 yea to 15 nay. Representative Eliason, the bill sponsor, said a fiscal analysis found roughly "a quarter billion of unfunded liabilities" across districts and that the bill would require districts with open OPEB plans that are not fully funded to close enrollment to new participants until…
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