S.B. 154

1

PUBLIC SAFETY RETIREMENT AMENDMENTS
2 2005 GENERAL SESSION
3 STATE OF UTAH
4 Sponsor: D. Chris Buttars
5
6 LONG TITLE
7 General Description:
8 This bill modifies the Utah State Retirement Act by increasing the cost-of-living
9 allowance for members of the Public Safety Retirement Systems.
10 Highlighted Provisions:
11 This bill:
12 . increases the cost-of-living allowance for members of the Public Safety
13 Contributory Retirement System; and
14 . increases the cost-of-living allowance for members of the Public Safety
15 Noncontributory Retirement System.
16 Monies Appropriated in this Bill:
17 None
18 Other Special Clauses:
19 This bill takes effect on July 1, 2005.
20 Utah Code Sections Affected:
21 AMENDS:
22 49-14-403, as renumbered and amended by Chapter 250, Laws of Utah 2002
23 49-15-403, as renumbered and amended by Chapter 250, Laws of Utah 2002
24
25 Be it enacted by the Legislature of the state of Utah:
26 Section 1. Section 49-14-403 is amended to read:
27 49-14-403. Annual cost-of-living adjustment.

28 (1) The office shall make an annual cost-of-living adjustment to:
29 (a) an original allowance paid under Section 49-14-402 and Part 5, Death Benefit, of
30 this chapter if the allowance has been paid for at least one year; and
31 (b) an original payment made to an alternate payee under a domestic relations order, if
32 the payment is to be paid as a percentage of the allowance rather than a specific dollar amount.
33 (2) (a) The original allowance shall be increased by the annual increase in the
34 Consumer Price Index up to a maximum of [2.5%] 4%.
35 (b) Annual increases in the Consumer Price Index in excess of [2.5%] 4% shall be
36 accumulated and used in subsequent adjustments when the annual increase in the Consumer
37 Price Index is less than [2.5%] 4%.
38 (3) The Consumer Price Index used in calculating adjustments shall be a United States
39 Bureau of Labor Statistics Consumer Price Index average as determined by the board.
40 (4) The cost-of-living adjustment made under this section may not decrease the
41 allowance.
42 Section 2. Section 49-15-403 is amended to read:
43 49-15-403. Annual cost-of-living adjustment.
44 (1) The office shall make an annual cost-of-living adjustment to:
45 (a) an original allowance paid under Section 49-15-402 and Part 5, Death Benefit, of
46 this chapter if the allowance has been paid for at least one year; and
47 (b) an original payment made to an alternate payee under a domestic relations order if
48 the payment is to be paid as a percentage of the allowance rather than a specific dollar amount.
49 (2) (a) The original allowance shall be increased by the annual increase in the
50 Consumer Price Index up to a maximum of [2.5%] 4%.
51 (b) Annual increases in the Consumer Price Index in excess of [2.5%] 4% shall be
52 accumulated and used in subsequent adjustments when the annual increase in the Consumer
53 Price Index is less than [2.5%] 4%.
54 (3) The Consumer Price Index used in calculating adjustments shall be a United States
55 Bureau of Labor Statistics Consumer Price Index average as determined by the board.
56 (4) The cost-of-living adjustment made under this section may not decrease the
57 allowance.
58 Section 3. Effective date.

59 This bill takes effect on July 1, 2005.




Legislative Review Note
as of 1-27-05 11:24 AM

Based on a limited legal review, this legislation has not been determined to have a high
probability of being held unconstitutional.

Office of Legislative Research and General Counsel