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County staff urges council to pick up URS Tier 2 public‑safety increase and adjust hybrid pay to 'make employees whole'

Summit County Council · June 5, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff told the Summit County Council that Utah law prevents the county from picking up the Tier 2 public‑employee contribution above 10%, recommended picking up the Tier 2 increase for public‑safety employees (2.14%), and recommended a 0.95% salary increase for Tier‑2 hybrid employees to offset a 0.7% URS deduction.

County financial staff briefed the council on an impending change to employer contribution obligations under the Utah Retirement Systems (URS) Tier 2 plan.

David Warnock explained that URS established Tier 2 in 2011 and that current Utah law limits employer pickup for public‑employee Tier 2 participants to a 10% contribution. Forecasts show the URS rate for public‑employee Tier 2 will reach approximately 10.7% in July, meaning the county is not…

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