H.B.
426
RETIREMENT PARTICIPATION MODIFICATIONS
House Committee
Amendments
Amendment 1 March 5, 2014 10:55 AM
Representative Don L. Ipson
proposes the following amendments:
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
}
2018
, determined by the withdrawing entity;
2. Page
2, Lines 50 through 53
:
50
(a) the withdrawing entity shall determine a date that is no later than January 1,
{
2015
}
2018
,
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.
3. 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
}
2018
, to exclude new employees from participation in this system under
Subsection
95
49-11-623
(3).
4. 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
}
2018
, to exclude new employees from participation in this system under
Subsection
168
49-11-623
(3).
5. 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
}
2018
, to exclude new employees from participation in this system under
Subsection
235
49-11-623
(3).
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