House of Representatives State of Utah


         UTAH STATE CAPITOL COMPLEX . 350 STATE CAPITOL
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Graphic file number 0 named letter~1.jpg with height 78 p and width 81 p Left aligned
         P.O. BOX 145030 . SALT LAKE CITY, UTAH 84114-5030 . (801) 538-1029
        March 5, 2014

Madam Speaker:

    The Retirement and Independent Entities Committee reports a favorable recommendation on H.B. 426, RETIREMENT PARTICIPATION MODIFICATIONS, by Representative D. Ipson, with the following amendments and recommends it be placed on the Consent Calendar.

1.    Page 1, Lines 14 through 16 :    

             14          .    allows a withdrawing entity to make an election of continued participation or
             15      withdrawal in a Utah retirement system or plan for future employees beginning on a
             16      date, no later than January 1,

{   2015   }        2017       , determined by the withdrawing entity;


2.    Page 2, Lines 41 through 47 :    

             41          (1) As used in this section, "withdrawing entity" means an entity that:
             42          (a) participates in a system or plan under this title prior to July 1, 2014;
             43          (b) provides mental health and substance abuse services for a county under Section
             44      17-50-318 ;
{   and   }

             45          (c) after beginning participation with a system or plan under this title, has modified its
             46      federal tax status to a nonprofit organization that qualifies under Section 501(c)(3) of the
             47      Internal Revenue Code
{   .   }        ; and

    (d)    is not a state institution of higher education as described in Section 53B-2-101.  


3.    Page 2, Lines 50 through 53 :    

             50          (a) the withdrawing entity shall determine a date that is no later than January 1,
{   2015   }        2017       ,

             51      on which the withdrawing entity shall make an election under Subsection (3); and
             52          (b) the withdrawing entity shall pay to the office any
  reasonable       actuarial and administrative costs

             53      determined by the office to have arisen out of an election made under this section.


4.    Page 4, Lines 93 through 95 :    

             93          (g) an employee who is employed with a withdrawing entity that has elected, prior to
             94      January 1,
{   2015   }        2017       , to exclude new employees from participation in this system under Subsection

             95      49-11-623 (3).

5.    Page 6, Lines 166 through 168 :    

             166          (g) an employee who is employed with a withdrawing entity that has elected, prior to
             167      January 1,
{   2015   }        2017       , to exclude new employees from participation in this system under Subsection

             168      49-11-623 (3).

6.    Page 8, Lines 233 through 235 :    

             233          (e) an employee who is employed with a withdrawing entity that has elected, prior to
             234      January 1,
{   2015   }        2017       , to exclude new employees from participation in this system under Subsection

             235      49-11-623 (3).

    Respectfully,

    Kraig Powell
    Committee Chair

Voting: 8-0-1
4 HB0426.HC1.wpd 3/5/14 2:05 pm benchristensen/BNC SCH/ALH

Bill Number
Action Class
Action Code

*HB0426*
*H*
*HCRAMDCON*

 HB0426
H
HCRAMDCON