Utah Code Title 53G. Public Education System--Local Administration § 53G-11-204. Postemployment health insurance benefits restrictions--Definitions--Restrictions--Exceptions

(a) “Budgetary accounts” means the same as that term is defined in Section 51-5-3.

(b) “GASB” means the same as that term is defined in Section 51-5-3.

(c) “Liabilities” means the same as that term is defined in Section 51-5-3.

(d) “Postemployment” means the same as that term is defined in Section 51-5-3.

(e) “Postemployment health insurance benefits” means health insurance benefits:

(a) calculates the liabilities associated with postemployment health insurance benefits by applying GASB standards;

(b) recognizes current payments and all liabilities associated with the postemployment health insurance benefits in budgetary accounts;

(c) fully funds the annual required contributions associated with the postemployment health insurance benefits liabilities;

(d) establishes and implements a plan approved by the school district's local school board or charter school's governing board to catch up on any unfunded liabilities within no more than 20 years; and

(e) provides for ongoing payments against the postemployment health insurance liabilities as employees qualify for receiving the postemployment health insurance benefits.

(4)(a) Except as provided in Subsection (4)(b), if in a fiscal year, a school district or charter school fails to fully fund the annual required contributions described in Subsection (3)(c), the school district or charter school may not offer or provide a postemployment health insurance benefit for new employees beginning on the first day of that fiscal year.

(b) The provisions of Subsection (4)(a) do not apply if: