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Parowan will pick up small URS Tier 2 increase for two public-safety employees
Summary
Council voted to pick up a modest increase in Utah Retirement Systems Tier 2 contributions for two public-safety employees after staff showed the total contribution rising from about 29.56% to 30.31%.
City staff explained the mechanics of the Utah Retirement Systems Tier 2 pickup for public-safety employees and presented the numbers to the council. Finance staff told the council the current total contribution rate was about 29.56% and that the coming year's total would be roughly 30.31%. Because only two city public-safety employees are in Tier 2, staff recommended the city pick up the small delta and council approved that motion by voice vote.
City Manager Dan Jessen and staff emphasized the local fiscal effect is small; the council framed the decision as a retention and fairness measure for employees with less-generous Tier 2 benefits.
