2006 Utah Code - 49-14-401 — Eligibility for service retirement -- Date of retirement -- Qualifications.

     49-14-401.   Eligibility for service retirement -- Date of retirement -- Qualifications.
     (1) A member is qualified to receive an allowance from this system when:
     (a) the member ceases actual work for a participating employer in this system before the member's retirement date and provides evidence of the termination;
     (b) the member has submitted to the office a notarized retirement application form that states the member's proposed retirement date; and
     (c) one of the following conditions is met as of the member's retirement date:
     (i) the member has accrued at least 20 years of service credit;
     (ii) the member has accrued at least ten years of service credit and has attained an age of 60 years; or
     (iii) the member has accrued at least four years of service credit and has attained an age of 65 years.
     (2) (a) The member's retirement date shall be the 1st or the 16th day of the month, as selected by the member, but the retirement date must be on or after the date of termination.
     (b) The retirement date may not be more than 90 days before or after the date the application is received by the office.

Amended by Chapter 240, 2003 General Session