Fiscal Note
SB0171 - Higher Education Retirement Amendments
State Impact:
Presuming employers bear the full cost of retirement rates, each individual with Utah Retirement System (URS) service credit that is hired by an institution of higher education and chooses to remain on the Utah Retirement System, and/or each eligible higher education employee that elects URS during the election period, would cost an institution of higher education more than current higher education retirement costs. We are unable to predict how many employees with URS service credit higher education would hire, nor how many would choose URS.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| Total | $0 | $0 | $0 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for businesses or local governments. Eligible individuals may benefit.
| 2/24/2010, 11:53:40 AM, Lead Analyst: Schoenfeld, J.D./Attny: CJD | Office of the Legislative Fiscal Analyst |