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Kanab to pick up Tier 2 public-safety retirement contributions under URS
Summary
Council authorized the city to pick up employee retirement contributions for eligible Tier 2 public-safety officers and firefighters, with the employee contribution rate noted at 5.98%.
Kanab City authorized an employer election to 'pick up' employee contributions to Utah Retirement Systems for eligible Tier 2 public-safety officers and firefighters. City staff explained the election follows IRS Section 414(h) rules and will be implemented prospectively upon submission to Utah Retirement Systems.
Ludwig stated the current employee contribution rate is 5.98% of salary and that funding for the employer pick-up is included in the FY2027 budget. Councilmember Corry made the motion to approve the election and Councilmember Banks seconded; the motion passed unanimously among members present.
