Monday, September 11, 2023 | 2:30 PM | 210 Senate Building

1. Committee Business

· Call to order

· Approval of the minutes of the June 12, 2023, meeting

2. Public Employees’ Health Program (PEHP) Updates

The committee will receive a presentation reviewing key bills, emerging challenges of highly expensive drugs, and the individual embedded out-of-pocket maximum for families with high-cost members.

· Chet Loftis, Managing Director, PEHP

· Committee discussion

3. Sunset Review: Expanded Fertility Treatment Coverage Pilot Program

Utah Code 49-20-418 states, “The purpose of the pilot program is to study the efficacy of providing coverage for the use of an assisted reproductive technology…” The program is scheduled to sunset on January 1, 2025.

· Chet Loftis, Managing Director, PEHP

· Committee discussion or action

4. Review of the Utah Innovation Lab

The committee will receive a presentation on the purpose and planned activities of the entity and determine if the Utah Innovation Lab should be added to the list of independent entities in Section 63E-1-102.

· Gabi Tellez, Director, Innovation & Commercialization, Utah System of Higher Education

· Committee discussion

5. Draft Legislation: Utah Communications Authority Modifications

This draft legislation reflects recommendations from the Utah Communications Authority and clean-up items.

· Alan Houston, Associate General Counsel, Office of Legislative Research and General Counsel

· Public comment

· Committee discussion

6. Sunset Review: Heber Valley Historic Railroad Authority

In June, the committee heard a presentation from the authority and requested additional information. The committee will receive presentations addressing the requests from the June meeting.

· Sarah Flanigan, Policy Analyst, Office of Legislative Research and General Counsel

· Heber Valley Historic Railroad Authority

· Committee discussion

7. Sunset Review: Phased Retirement

Title 49, Chapter 11, Part 13 allows a retiree to continue working on a part-time basis with the same employer while receiving a reduced retirement allowance. The program is scheduled to sunset January 1, 2025.

· Dee Larsen, General Counsel, and Kory Cox, Legislative and Government Affairs Director, Utah Retirement Systems (URS)

· Committee discussion or action

8. Updated Actuarial Calculations and Contribution Rates for Fiscal Year 2025

The committee will receive a presentation explaining the outcome of the recent experience study conducted by the actuaries and changes to contribution rates.

· Dan Anderson, Executive Director, URS

· Danny White, Senior Consultant and Regional Director, Gabriel, Roeder, Smith, and Company

· Committee discussion

9. Post-retirement Reemployment Proposal

The committee will review information on post-retirement reemployment in other states, hear an updated proposal for changes to post-retirement reemployment, and review the estimated costs associated with the proposal.

· Sarah Flanigan, Policy Analyst, Office of Legislative Research and General Counsel

· Rep. Cheryl Acton, Chair

· Dee Larsen, General Counsel, and Kory Cox, Legislative and Government Affairs Director, Utah Retirement Systems (URS)

· Committee discussion

10. Other Items/Adjourn