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Utah House approves limits on post-retirement employment, citing public-safety shortages and pension impacts
Summary
The House passed first substitute HB 86 on Feb. 26, 2016, changing post-retirement employment rules so employers must pay system contribution and amortization rates for returning retirees; sponsor and supporters said it could help recruit public-safety and education workers, opponents warned of cost and bond-rating risks.
The Utah House of Representatives on Feb. 26 passed first substitute House Bill 86, changing post-retirement employment rules for public employees and sending the measure to the Senate.
Representative Cunningham, sponsor of HB 86, said the bill allows a retiree who returns to work at a different participating employer after 60 days to receive both salary and a monthly retirement allowance while the returning employer pays the contribution rate and the amortization rate that would have covered the employee had they remained continuously employed. "The employer, however, pays…
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