Rep. Norm Thurston — Voting Record

Bill

Number

H.B. 128 First Substitute (2018GS)

Sponsor

Rep. Fawson, J.

Final action

House/ filed 3/8/2018

Outcome

Failed / filed without passage

Summary

What it does

• This bill:
• provides that a member who has service credit from two or more systems is required to retire from the system which most recently covered the member for a minimum of six months when combining service credit for purposes of determining eligibility for retirement; and
• makes technical changes.

Every vote on this bill

Bill text

UTAH RETIREMENT SYSTEM AMENDMENTS
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Justin L. Fawson
Senate Sponsor: 
____________
LONG TITLE
General Description:
This bill modifies the Utah State Retirement and Insurance Benefit Act by amending
provisions relating to determining retirement eligibility.
Highlighted Provisions:
This bill:
▸ provides that a member who has service credit from two or more systems is required
to retire from the system which most recently covered the member for a minimum
of six months when combining service credit for purposes of determining eligibility
for retirement; and
▸ makes technical changes.
Money Appropriated in this Bill:
None
Other Special Clauses:
This bill provides a special effective date.
Utah Code Sections Affected:
AMENDS:
49-11-405
, as last amended by Laws of Utah 2016, Chapter 310
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
49-11-405
 is amended to read:
49-11-405.
Service credit from different systems or plans -- Eligibility and
calculation of service credit.
(1) (a) A member who has service credit from two or more systems or one or more
systems and the Utah Governors' and Legislators' Retirement Plan may combine service credit
for purposes of determining eligibility for retirement.
(b) The provisions of Subsection (1)(a) do not apply to concurrent service.
(2) To be eligible for the calculation under Subsection (3)[
,
]
:
(a)
 the member's service credit earned under the different systems or the Utah
Governors' and Legislators' Retirement Plan shall at least equal the minimum amount of
service credit required to retire from the system which most recently covered the member[
.
]
;
and
(b) the member shall be required to retire from the system which most recently covered
the member for a minimum of six months.
(3) If a member meets the requirements of Subsection (2), the office shall calculate the
member's allowance using all service credit earned from any system or the Utah Governors' and
Legislators' Retirement Plan, with no actuarial reduction applied to the allowance, except the
service credit used to calculate the benefit shall be increased or decreased to reflect the value of
the assets transferred.
(4) The office shall establish the standards used for calculating any increase or decrease
in the service credit.
(5) This section does not apply to a retiree who is subject to Section 
49-11-504
 and
Chapter 11, Part 12, Postretirement Reemployment Restrictions Act.
Section 2. 
Effective date.
This bill takes effect on July 1, 2018.
Legislative Review Note
Office of Legislative Research and General Counsel