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Senate passes bill clarifying retirement tiers; SB 28 moves to House
Summary
The Utah Senate unanimously passed SB 28, which clarifies Tier 1/Tier 2 retirement status and 'grandfathering' for service credited before July 1, 2011; sponsor Senator Weiler corrected an earlier misstatement about the state auditor’s tier during floor remarks.
Senator Weiler, sponsor of Senate Bill 28, told the Senate the bill clarifies how employees and elected officials are classified as Tier 1 or Tier 2 when they change retirement systems and that grandfathering depends on whether a member has service credit prior to 07/01/2011. He apologized for a prior misstatement about the state auditor’s status, saying, “I gave the incorrect answer…If he is…
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