Utah pension system could charge cities millions if investments drop

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  • Kww4birdie Bountiful, UT
    Jan. 27, 2013 12:46 a.m.

    So why is the assumption that if the Urs is underfunded that the rest of us have to pay higher taxes. In the private sector, our benefits get get all of the time. Most government employees have tax funded contributions between 13 percent for teachers and up to 39 percent for judges (see URS tables). The rest of us are lucky to get a 3 percentage match if we contribute 6 percent. It is time that those of us who pay for these programs start bringing them into line with the limited benefits the rest of us receive in the private sector have. No more police and firemen retiring at age 50. I sure can't. Why should they retire early at my expense?

  • Utah Teacher Orem, UT
    Aug. 8, 2012 11:23 a.m.

    Amen Kings court. The minute we turn it over to a for profit private business, we all lose and they win.

    We have the best managed retirement fund in the nation and these greedy money grabbers see it as yet another opportunity to stick it to the little guys.

    Leave the URS alone and keep the legislature away from the retirement fund!

  • Kings Court Alpine, UT
    Aug. 6, 2012 11:10 a.m.

    I have a URS account and two other private pensions. My URS account (401K) is actually better managed and receives a higher rate of return than the two private ones. I'm not convinced that outsourcing URS is a good idea based on my experiences.