FY 2016 Appropriation

During the 2012 General Session, the Legislature eliminated the governor and legislator's post-retirement health care benefits for new governors and legislators and established the Elected Official Post-Retirement Benefits Trust Fund for the purpose of investing funds for existing governor and legislator post-retirement health care benefits. The Legislature also authorized the board of trustees for the State Post-Retirement Benefits Trust Fund to serve as trustees for the Elected Official Post-Retirement Benefits Trust Fund and established procedures for the investment of and expenditures from the trust funds. This action was accomplished through passage of SB 156, "Elected Official Retirement Benefits Amendments".

Funding History
Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $1,387,600 from all sources for Elected Official Post-Retirement Benefits Contribution. This is a 443.7 percent increase from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $1,387,600 from the General/Education Funds, a change of 0 percent from revised Fiscal Year 2015 estimates.

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COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.