2006 Utah Code - 49-11-901 — Public Safety Retirees\' Cost-of-Living Increase Restricted Account.

     49-11-901.   Public Safety Retirees' Cost-of-Living Increase Restricted Account.
     (1) There is created within the General Fund a restricted account known as the Public Safety Retirees' Cost-of-Living Increase Restricted Account.
     (2) The Public Safety Retirees' Cost-of-Living Increase Restricted Account consists of:
     (a) monies deposited in the account by the Utah State Retirement Board in accordance with Section 49-11-902;
     (b) monies appropriated to the account by the Legislature; and
     (c) interest on account monies.
     (3) Upon appropriation by the Legislature, monies from the account shall be used to fund an increase to the cost-of-living allowance of the Public Safety Retirement Systems.
     (4) The Public Safety Retirees' Cost-of-Living Increase Restricted Account is not part of the retirement trust funds administered or controlled by the Utah State Retirement Board.

Enacted by Chapter 262, 2004 General Session