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Utah Senate approves Tier 2 public-safety retirement boost after heated funding debate
Summary
The Utah Senate on Feb. 25 approved first substitute Senate Bill 129 to increase certain Tier 2 retirement benefits for public-safety employees and firefighters; sponsors said the change carries a $5.3 million one-time cost and $3 million ongoing and prompted debate over whether the state is assuming local costs.
The Utah State Senate approved first substitute Senate Bill 129 on Feb. 25, a measure to enhance Tier 2 retirement benefits for public-safety personnel and firefighters that sponsors said will be paid with a mix of one-time and ongoing state funds.
Senator Harper, sponsor of the bill, told colleagues the measure includes "an appropriation at the end of the bill of $5,300,000 out of the general fund for a 1 time to cover the first year cost," and that ongoing costs of about $3,000,000 would come from growth in the admitted insured premium tax and liquor-control fund revenues.
The bill…
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