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Utah Senate Debates Major Changes to Public-employee Retirement Credit; Cap Amendment Fails
Summary
Senators spent more than an hour debating House Bill 59, which would increase retirement service credit. A proposed cap intended to prevent pensions above 100% of final salary failed on a roll call (8–20). Lawmakers raised constitutional, actuarial and workforce-retention concerns and agreed to continue consideration.
Senators debated House Bill 59, a measure to increase retirement service credit for public employees, in a long floor session that highlighted competing concerns about equity, cost and retirement incentives.
Senator McAllister, floor sponsor of the amendments, said the bill’s 2%-per-year formula combined with Social Security could, in some cases, push retirement benefits close to or above an employee’s final salary. He presented illustrative numbers (for final average…
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