Utah SB0025 modifies public employee retirement and benefits, including service credit, membership council changes, and transfer of benefits.

Utah SB0025 amends the Utah State Retirement and Insurance Benefit Act, affecting public employee retirement and benefits. It modifies the definition of "bona fide termination of employment," changes the membership of the Membership Council, and clarifies that service credit in the judges' retirement systems is not transferable to a Tier II retirement system. The bill also allows the attorney general and senior staff in the Office of the Attorney General to elect to transfer the value of certain accrued defined benefits or opt out of the retirement systems, allowing employer contributions to.

Utah SB0025 modifies public employee retirement and benefits, including service credit, membership council changes, and transfer of benefits.

Utah SB0025 amends the Utah State Retirement and Insurance Benefit Act, affecting public employee retirement and benefits. It modifies the definition of "bona fide termination of employment," changes the membership of the Membership Council, and clarifies that service credit in the judges' retirement systems is not transferable to a Tier II retirement system. The bill also allows the attorney general and senior staff in the Office of the Attorney General to elect to transfer the value of certain accrued defined benefits or opt out of the retirement systems, allowing employer contributions to.