Utah retirement reform throws some retirees into debt

Salt Lake Tribune columnist Paul Rolly explains the problem facing Utah public employees who retired, collected retirement benefits, and then got another job (often part-time) with the state. "Since the Utah Legislature passed sweeping reforms of the state’s retirement system three years ago, one unintended consequence has thrust some retirees under a mountain of debt because they took a part-time job to supplement their incomes."  "The section biting retirees now is the part that ends so-called double dipping, in which employees retire, then get another job with the government while drawing retirement benefits. After it was determined that privilege was being abused, the legislation ended the practice, requiring employees to pay back benefits if they get another government job in retirement." Be sure you understand the terms of your retirement plan to avoid a similar dilemma! Read the details at: http://www.sltrib.com/sltrib/politics/56148482-90/retirement-employee-state-benefits.html.csp