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UT SB0025

UT SB0025
Postretirement Reemployment for Emergency Services Workers


summary

Introduced
01/21/2025
In Committee
02/05/2025
Crossed Over
01/22/2025
Passed
03/06/2025
Dead
Signed/Enacted/Adopted
03/19/2025

Introduced Session

2025 General Session

Bill Summary

General Description: This bill modifies provisions of the Utah State Retirement and Insurance Benefits Act relating to postretirement reemployment.

AI Summary

This bill modifies Utah's state retirement and reemployment laws for emergency services workers and retirees, providing several key provisions. For retirees who return to work within one year of retirement, the bill allows certain exceptions to retirement allowance cancellation, such as for public safety workers who suffered a job-related injury or for affiliated emergency services workers. The bill updates compensation limits for reemployed retirees, allowing them to earn up to a certain amount (adjusted annually for inflation) without losing their retirement benefits. For part-time appointed or elected board members, the bill permits up to $5,000 per year in compensation while maintaining retirement benefits. The bill also introduces a modified retirement allowance structure for reemployed retirees, where they receive a reduced retirement allowance (15-20% less) and do not receive annual cost-of-living adjustments during their reemployment period. These changes aim to provide more flexible reemployment options for retired public employees, particularly those in emergency services, while still maintaining fiscal responsibility for the state retirement system. The bill is set to take effect on July 1, 2025, giving participating employers and retirees time to understand and adapt to the new regulations.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Governor Signed in Lieutenant Governor's office for filing (on 03/19/2025)

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