| Members Present: Sen. Wayne A. Harper, Chair Rep. Walt Brooks, Chair Sen. Kirk A. Cullimore Sen. Gene Davis Sen. Lincoln Fillmore Sen. Karen Mayne Sen. Todd D. Weiler Rep. Carl R. Albrecht Rep. Brady Brammer Rep. Clare Collard | Rep. Rosemary T. Lesser Rep. Candice B. Pierucci Rep. Adam Robertson Rep. Keven J. Stratton Rep. Mark A. Wheatley Staff Present: Sarah Flanigan, Policy Analyst Andrea Valenti Arthur, Associate General Counsel Alan Houston, Associate General Counsel Royce Gador, Administrative Assistant |
||
|
Note: A copy of related materials and an audio recording of the meeting can be found at www.le.utah.gov.
|
| Chair Brooks called the meeting to order at 4:03 p.m. |
| 1.Committee Business |
| MOTION:Rep. Albrecht moved to approve the November 16, 2021, meeting minutes.The motion passed with a vote of 8-0-7. | |||
| Yeas - 8 | Nays- 0 | Abs- 7 | |
| Rep. C. Albrecht Rep. B. Brammer Rep. W. Brooks Rep. C. Collard Sen. W. Harper Rep. R. Lesser Rep. C. Pierucci Sen. T. Weiler | Sen. K. Cullimore Sen. G. Davis Sen. L. Fillmore Sen. K. Mayne Rep. A. Robertson Rep. K. Stratton Rep. M. Wheatley |
| 2.Adoption of the 2022 Interim Study List |
| MOTION:Rep. Brammer moved to adopt the interim study item list.The motion passed with a vote of 8-0-7. | |||
| Yeas - 8 | Nays- 0 | Abs- 7 | |
| Rep. C. Albrecht Rep. B. Brammer Rep. W. Brooks Rep. C. Collard Sen. W. Harper Rep. R. Lesser Rep. C. Pierucci Sen. T. Weiler | Sen. K. Cullimore Sen. G. Davis Sen. L. Fillmore Sen. K. Mayne Rep. A. Robertson Rep. K. Stratton Rep. M. Wheatley |
| 2 - Approved 2022 Interim Study List |
| MOTION:Rep. Brammer moved to give committee chairs authority to open committee bill files.The motion passed with a vote of 8-0-7. | |||
| Yeas - 8 | Nays- 0 | Abs- 7 | |
| Rep. C. Albrecht Rep. B. Brammer Rep. W. Brooks Rep. C. Collard Sen. W. Harper Rep. R. Lesser Rep. C. Pierucci Sen. T. Weiler | Sen. K. Cullimore Sen. G. Davis Sen. L. Fillmore Sen. K. Mayne Rep. A. Robertson Rep. K. Stratton Rep. M. Wheatley |
| 3.Retirement and Independent Entities Committee Code Clean-up |
| Alan Houston, Associate General Counsel, Office of Legislative Research and General Counsel, presented on Utah Code Title 63E, Independent Entities Code clean-up and answered questions from the committee. |
| 3 - Code Cleanup Presentation |
| MOTION:Sen. Fillmore moved to open a committee bill file to address cleaning up Utah Code Title 63E, Independent Entities Code. The motion passed with a vote of 11-0-4. | |||
| Yeas - 11 | Nays- 0 | Abs- 4 | |
| Rep. C. Albrecht Rep. B. Brammer Rep. W. Brooks Rep. C. Collard Sen. G. Davis Sen. L. Fillmore Sen. W. Harper Rep. R. Lesser Rep. C. Pierucci Rep. K. Stratton Rep. M. Wheatley | Sen. K. Cullimore Sen. K. Mayne Rep. A. Robertson Sen. T. Weiler |
| 4.Overview of Tier 2 Retirement Systems |
| Sarah Flanigan, Policy Analyst, and Andrea Valenti Arthur, Associate General Counsel, Office of Legislative Research and General Counsel, presented on the Tier 2 Retirement Systems. |
| 4 - Overview of Tier 2 Retirement Systems |
| 5.Proposed Changes to Retirement Policy and Associated Fiscal Impacts |
| Kimberly Madsen, Financial Analyst, and Jonathan Ball, Legislative Fiscal Analyst, Office of the Legislative Fiscal Analyst, presented on the purpose and process of creating of fiscal notes. |
| Dan Andersen, Executive Director, and Dee Larsen, General Counsel, Utah Retirement Systems, presented on proposed changes to retirement policy and associated fiscal impacts and answered questions from the committee. |
| 5a - Utah Pension System Principles |
| 5b - Summary of 2022 General Session Retirement Reform Bills |
| 5c - Proposed Changes to Retirement Policy and Associated Fiscal Impacts Presentation |
| MOTION:Sen. Davis moved to add studying the defined benefit program's impact on public employee retention to the interim study item list. Sen. Davis withdrew his motion. |
| MOTION:Sen. Fillmore moved to add studying the effectiveness of the total compensation package for attracting and retaining public employees to the interim study item list. The motion passed with a vote of 10-0-5. | |||
| Yeas - 10 | Nays- 0 | Abs- 5 | |
| Rep. C. Albrecht Rep. B. Brammer Rep. W. Brooks Rep. C. Collard Sen. G. Davis Sen. L. Fillmore Sen. W. Harper Rep. R. Lesser Rep. K. Stratton Rep. M. Wheatley | Sen. K. Cullimore Sen. K. Mayne Rep. C. Pierucci Rep. A. Robertson Sen. T. Weiler |
| 6.Other Items/Adjourn |
| MOTION:Sen. Fillmore moved to adjourn.The motion passed with a vote of 10-0-5. | |||
| Yeas - 10 | Nays- 0 | Abs- 5 | |
| Rep. C. Albrecht Rep. B. Brammer Rep. W. Brooks Rep. C. Collard Sen. G. Davis Sen. L. Fillmore Sen. W. Harper Rep. R. Lesser Rep. K. Stratton Rep. M. Wheatley | Sen. K. Cullimore Sen. K. Mayne Rep. C. Pierucci Rep. A. Robertson Sen. T. Weiler |
| Chair Brooks adjourned the meeting at 6:05 p.m. |