In a welcome display of fiscal sanity, Utah state Senator Dan Liljenquist has proposed doing away with defined benefit plans for state employees. His proposal would eliminate such plans for new hires, effective July 1, 2011. The Salt Lake Tribune covers the story in Retirement rumble ready to roll. Depending on whom you talk to, the state retirement system that covers 182,000 current and former public employees is either a toxic mess, or a system that suffered a setback but doesn’t need an …

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Bill to End Defined Benefit Plans Under Consideration in Utah