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House approves URS technical changes in Senate Bill 25 after questions on immediate vesting for senior AG staff
Summary
The House passed Senate Bill 25, a set of technical changes to Utah Retirement Systems, after sponsors said the measures refine definitions and administrative processes; one lawmaker questioned a provision allowing immediate vesting of employer contributions for certain senior Attorney General staff.
The Utah House on Feb. 3 approved Senate Bill 25, a package of technical changes to the Utah Retirement Systems (URS) aimed at clarifying membership designations and administrative authority. Representative Acton, speaking as sponsor, said the bill "does 5 things" including clarifying a definition, expanding a nonvoting "membership council," coordinating service credit between tier 1 and tier 2 employees, allowing the executive director to delegate some rulings to a deputy director, and clarifying how benefits can be relinquished.
The bill drew focused questioning on a…
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