Retirement Issues

In light of the retirement discussion, many ideas are coming forward to the legislature. UPEA has taken the stance that at this point in time no changes should be made, because no one has enough information on what will solve the problem, or if the economy will continue to rebound. For your information, I have linked the actual proposition of the League of Cities and Towns.

On 12 November, 2009 the Legislative Retirement and Independent Entities Committee will be meeting at 9:00 AM to further discuss the retirement system. Their agenda contains the following information:

• Compensation for State Public Employees
• Utah State Retirement Systems Trust Fund Financial Status and Alternative Actuarial Models.
• A Performance Audit of the Cost of Benefits for Reemployed Retirees and Part-Time Employees.
• Retirement System Key Issues and Reform Options - Updates
• Other Committee Business

For more information regarding the Retirement and Independent Entities Committee meeting, I have attached their link here.