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The University of Utah just significantly cut back retirement benefits for new employees. Here’s what we know.

The school has been “dramatically overinvesting” in retirement benefits at the cost of other incentives, like higher pay, the U.’s chief of human resources said.

(Francisco Kjolseth  | The Salt Lake Tribune) A University of Utah faculty sign in the Spencer Fox Eccles Business Building. The U. is significantly reducing retirement benefits for new employees.

(Francisco Kjolseth | The Salt Lake Tribune) A University of Utah faculty sign in the Spencer Fox Eccles Business Building. The U. is significantly reducing retirement benefits for new employees.