This past legislative session, the Utah Legislature passed a bill that requires employees in the Tier 2 Hybrid Retirement System to contribute to the Tier 2 retirement system. That means this requirement is mandated under state law.  Specifically, the law requires employers to pay contributions equal to 10% of a member’s salary into the Tier 2 retirement plan or system selected during their first year of employment.  If the contribution rate exceeds 10%, the member in the Hybrid Option is responsible for paying the contributions for the amount above the 10% threshold.  Beginning July 1, 2024, the preliminary contribution rate is 10.70%.  Therefore, the employee will pay the equivalent of 0.7% of their salary into the retirement system.  This amount will be deducted from your Weber School District paycheck and sent to the URS.

Please view the Understanding Member Contributions in the Tier 2 Hybrid system video or the Tier 2 Hybrid change brochure for more information.

To assist you with this contribution Weber School District will contribute 0.7% of your salary to a 401K through the Utah Retirement System.  

12-month employees will see this change take effect on their August 1, 2024 paycheck, for 9-month employees it will take effect on their October 1, 2024 paycheck.

For more information regarding the Tier 2 Hybrid system change, please contact the Utah Retirement System at 801-366-7770.

As a new Tier 2 member, you have one year from your URS enrollment date to choose either the Hybrid Option (pension) or the 401(k) Option. The Hybrid Option is the default.  go to www.urs.org/us/steps for a checklist of simple steps to get started.

STEP 1: Create a myURS Online Account 

Go to www.urs.org to create an online account. This is where you will access and manage your URS benefits.

STEP 2: Learn about your Tier 2 Choice

Watch videos or join live presentations about the Tier 2 options on the website to learn more and get questions answered about what is right for you. 

STEP 3: Learn about Savings Plans and Enroll

Start saving now and boost your retirement by investing in URS Savings Plans straight from your paycheck. 

STEP 4: Schedule a One-on-One Consultation

Retirement Planning Sessions are virtual or in-person.  Talk to a Retirement Planning Advisor to answer all your questions and pick the plan that is right for you.