1.    Committee Business

·         Call to order

·         Approval of the minutes of the June 19, 2025, meeting

 

2.    Independent Entity: Utah Dairy Commission

The committee will receive a presentation about the Utah Dairy Commission.

·         David Roberts, Chair, Utah Dairy Commission

 

3.    Utah Retirement Systems: Retirement Application Processing and Backlog

In late 2024, Utah Retirement Systems (URS) began notifying retirement applicants of delays in processing

applications that led to some retirees receiving their first benefits deposit greater than 90 days beyond

their retirement date. The committee will receive a presentation from URS staff providing an overview of

retirement application processing, the background and circumstances that led to delays in processing new

applications, and an update on the current status of the retirement application backlog.

·         Daniel Anderson, Executive Director, Utah Retirement Systems

 

4.    Utah Retirement Systems: Financial Status Report

The committee will receive a presentation on the Utah Retirement Systems’ funded status and preliminary contribution rates for fiscal year 2026-2027.

·         Daniel Anderson, Executive Director, Utah Retirement Systems

·         Dee Larsen, General Counsel, Utah Retirement Systems

 

5.    Utah Retirement Systems: AUREUS Project Overview

The committee will receive a presentation on the Utah Retirement Systems’ AUREUS project to upgrade record-keeping systems for retirement plans.

·         Daniel Anderson, Executive Director, Utah Retirement Systems

 

6.    Committee Bill File Update: Administrative and Technical Modifications to Retirement

The committee will discuss potential administrative and technical modifications to retirement provisions for the committee’s bill file, “Administrative and Technical Modifications to Retirement.”

 

7.    Other Items/Adjourn