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H.B. 418
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RETIREMENT CONVERSION WINDOW
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2000 GENERAL SESSION
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STATE OF UTAH
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Sponsor: Karen W. Morgan
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AN ACT RELATING TO RETIREMENT; PROVIDING A CONVERSION WINDOW FROM
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THE PUBLIC EMPLOYEES' CONTRIBUTORY TO NONCONTRIBUTORY SYSTEM.
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This act affects sections of Utah Code Annotated 1953 as follows:
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AMENDS:
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49-3-205, as last amended by Chapter 46, Laws of Utah 1995
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Be it enacted by the Legislature of the state of Utah:
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Section 1.
Section
49-3-205
is amended to read:
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49-3-205. Conversion to system -- Time schedule.
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The following laws govern conversion to the Public Employees' Noncontributory
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Retirement System:
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(1) For persons governed by Subsection
49-3-203
(2), the election to participate in the
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noncontributory system shall be made within six months of the effective date of this chapter.
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(2) (a) For political subdivisions governed by Subsection
49-3-203
(3), the election to
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participate as a local government unit shall be made within six months of the effective date of this
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chapter. The political subdivision shall indicate whether or not it elects to participate by enacting
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a resolution or ordinance to that effect. Prior to the enactment of the resolution or ordinance, a
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hearing shall be held by the political subdivision, at which all employees of the political
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subdivision shall be given an opportunity to be heard on the question of participating in this
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noncontributory retirement system. Notice of the hearing shall be mailed to all employees within
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30 days of the hearing and shall contain the time, place, and purpose of the hearing.
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(b) A person in full-time employment with a political subdivision prior to its election to
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participate has six months from the date the political subdivision elects to participate in which to
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elect to become a member of the noncontributory system.
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(3) Subsections (1) and (2) shall be used to provide a second time period of conversion to
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this system beginning July 1, 1990.
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(4) Subsections (1) and (2) shall be used to provide a third time period of conversion to
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this system beginning July 1, 1995.
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(5) Subsections (1) and (2) shall be used to provide a fourth time period of conversion to
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this system beginning July 1, 2000.
Legislative Review Note
as of 1-31-00 11:54 AM
A limited legal review of this legislation raises no obvious constitutional or statutory concerns.