- Employees may collect pension while re-hired with a public entity AFTER a 1 year "hard separation." Employees must elect, at the time of rehire, whether they would like additional service credit OR to collect their pension while employed.
Representative David Litvak, D-Salt Lake City, asked about the 1 year cooling off period for employees who change careers after retiring and rehiring for a public entity. Dee clarified that employees must have a year-long separation.
Litvak added that SB 43 in its original form raised considerable concerns. However, the substituted bill, Litvak said, is an improvement to the current system. The amended bill still creates two classes of retired-rehired employees, but Litvak felt the legislation could be tweaked over the next year.
Representative, Sheryl Allen, a long-time employee advocate, proposed an amendment to allow employees who rehire on a half-time basis to collect their retirement within that one-year period. The motion to amend was opposed by the sponsor, Dee, who said it would maintain the status quo. Dougall and Ipson also opposed the bill. The amendment failed.
As of this writing, no votes have been cast.
