Fiscal Note

HB0286S01 - Retirement System Divestment

State Impact:
Enactment of this may result in additional costs to the Utah Retirement System of $24,000 one-time in FY 2010 and $34,000 ongoing in FY 2011. Annual revenue losses to Utah Retirement System's current portfolio of investments is estimated at $9,000,000. This bill may limit future investments by the Utah Retirement Systems and as a result may affect its ability to maximize returns, which in turn may affect existing unfunded liabilities or future contribution rates.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.

3/4/2010, 4:12:51 PM, Lead Analyst: Schoenfeld, J.D./Attny: CJDOffice of the Legislative Fiscal Analyst