MINUTES OF THE

HOUSE REVENUE AND TAXATION

STANDING COMMITTEE

Room 445, State Capitol

February 16, 2016

Members Present:                Rep. Daniel McCay, Chair

                                                Rep. Jeremy A. Peterson, Vice Chair

                                                Rep. Joel K. Briscoe

                                                Rep. Rich Cunningham                                                                                                          Rep. Gage Froerer

                                                Rep. Brian M. Greene

                                                Rep. Eric K. Hutchings

                                                Rep. Ken Ivory                                                                                                                       Rep. Brian S. King

                                                Rep. John Knotwell

                                                Rep. Mike K. McKell

                                                Rep. Jon E. Stanard

Members Absent:                 Rep. Douglas V. Sagers

Staff Present:                        Leif G. Elder, Policy Analyst

                                                An Bradshaw, Secretary

NOTE: A list of visitors and a copy of handouts are filed with the committee minutes.

Chair McCay called the meeting to order at 8:12 a.m.

At the invitation of Chair McCay, an overhead presentation was made by Jonathan Ball, Director, Office of the Legislative Fiscal Analyst, and two handouts, "URS State Unfunded Liability (UAAL) & Potential New Unfunded Liability" and "URS Impact in House District", were distributed to the committee.

H.B. 47           Postretirement Employment Rural and Title I School Exceptions (Rep. R. Cunningham)

H.B. 117         Modifications to Postretirement Reemployment Restrictions (Rep. R. Cunningham)

H.B. 86           Postretirement Employment Restrictions (Rep. R. Cunningham)

H.B. 50           Postretirement Reemployment Amendments (Rep. R. Cunningham)

Rep. Cunningham explained H.B. 47, H.B. 117, H.B. 86, and H.B. 50 to the committee with the assistance of Dave Harden, financial advisor; Paul Cunningham, Chief of Staff, South Jordan City; Patti Harrington, Associate Executive Director, Utah School Boards Association; and Mark Johnson, Chief Administrative Officer, Ogden City. Dan Anderson, Executive Director, Utah Retirement Systems, answered questions from the committee.

Spoke for the bills:     George Chapman, citizen

                                    Tom Ross, President, Utah Chiefs of Police Associations

Spoke against the bills:

                                    Dan Liljenquist, citizen

                                    Derek Monson, Sutherland Institute

H.B. 205         Tier II Retirement Amendments (Rep. R. Cunningham)

The bill was not heard.

MOTION:     Rep. King moved to adjourn the meeting. The motion passed unanimously.

Chair McCay adjourned the meeting at 9:59 a.m.

Daniel McCay, Chair