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Council approves public safety retirement pickup amid tiered rate increase
Summary
Perry adopted Resolution 2026-13 to continue picking up the employee portion of Tier 2 public safety retirement contributions after Utah Retirement Systems raised the rate from 4.73% to 5.98%; the incremental city cost is estimated at about $15,000 annually.
The council unanimously approved Resolution 2026-13 to pick up the employee portion of Tier 2 Utah Retirement Systems contributions for public safety employees. Finance Director Shanna Johnson explained that the Tier 2 employee contribution rate rose from 4.73% to 5.98% of salary due to actuarial adjustments, and that the city has historically covered this employee share. Johnson said the estimated incremental cost to the city is approximately $15,000 per year and noted that once adopted the pickup rate cannot be reduced for those employees.
Council Member Toby Wright moved to approve the resolution and Nathan Tueller seconded; the roll-call vote recorded Walker absent and Wright, Young, Ostler and Tueller voting yes, passing the resolution 4-0. Staff indicated all new public safety hires are Tier 2 members, making the change applicable to future hires as well as current covered positions.
