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SALT LAKE CITY (AP) -- Utah lawmakers may take action on a number of bills that would dramatically alter the state retirement system.
A Senate committee is scheduled to vote on the retirement measures from Sen. Dan Liljenquist on Friday.
Liljenquist's reforms would largely reinvent the state pension fund for new employees hired after a certain date.
The economic meltdown in 2008 left many pension funds shortchanged and other states have made similar changes.
The crisis stripped Utah of $6.5 billion, and returns in 2009 did little to recover losses.
Liljenquist, a Bountiful Republican, says his main goal is to keep the system fit for the state's current and retired employees.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
