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Senate advances trio of retirement bills addressing teacher and public‑safety equity and firefighter options
Summary
On Feb. 23, 2000, the Utah Senate advanced several retirement-related bills — SB 106 (teacher retirement benefit adjustments), SB 252 (firefighters retirement amendments introducing a 401(k) option), and SB 271 (public-safety noncontributory participation) — to the third-reading calendar after floor debate on funding and equity.
The Utah Senate on Feb. 23, 2000, advanced a set of retirement bills to the third-reading calendar after floor debate over equity, funding mechanisms and fiscal notes.
Sen. Nielsen summarized substitute Senate Bill 106 as a modest correction of historic inequities in the teachers’ retirement system: ‘‘This bill brings everyone who was at 1.1% who served before 1967 up to 1.25 and make sure that the monthly, number is at least from 8 dollars to $9,’’ he said. Sponsors characterized SB 106 as a…
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