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UTAH STATE SENATE
UTAH STATE CAPITOL COMPLEX * 320 STATE CAPITOL

P.O. BOX 145115 * SALT LAKE CITY, UTAH 84114-5115 * (801) 538-1035

        March 3, 2009

Mr. President:

    The Retirement and Independent Entities Committee reports a favorable recommendation on S.B. 195, PUBLIC EMPLOYEE DEFINED CONTRIBUTION AMENDMENTS, by Senator D. Liljenquist, with the following amendments:

1.    Page 1, Lines 15 through 17 :    

             15          .    suspends, for the period of July 1, 2009 through June 30, 2010 only,

  one-half of       the 1.5%

             16      employer defined contribution made on behalf of those employees in the Public
             17      Employees' Noncontributory Retirement System;

2.    Page 3, Lines 74 through 78 :    

             74          (8) (a) Notwithstanding any other provision of this section, for the period that starts
             75      with the beginning of the pay period which starting date falls most closely to July 1, 2009 and
             76      ending at the end of the pay period which end date falls most closely to June 30, 2010,
  one-half of       the

             77      participating employer contribution to a qualified defined contribution plan under Subsections
             78      (1)(a) and (b) is suspended for an active member, except for an active member:

        Respectfully,

        Daniel R. Liljenquist
        Committee Chair

Voting: 4-1-1
3 SB0195.SC1.wpd benchristensen/BNC ENW/BNC 3/3/09 7:58 am

Bill Number
Action Class
Action Code

*SB0195*
*S*
*SCRAMD*

 SB0195
S
SCRAMD