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Senate passes SB63 second substitute to align Tier 2 retirement rules for public safety and other employees
Utah State Senate · February 19, 2010
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Summary
Senators passed the second substitute of SB63, altering Tier 2 public-employee retirement options and creating a hybrid option for public safety with a 25-year minimum and a 1.5% service-credit formula. The bill passed 19-9 with one absent and will go to the House.
The Senate approved the second substitute of Senate Bill 63, which makes changes to the new public‑employees Tier 2 contributory retirement system and creates a hybrid option for public-safety employees.
Senator Lillianquist presented the bill and described provisions beginning at the post-18 language that apply to…
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