There Is a Newer Version of the Utah Code
2012 Utah Code
Title 49 - Utah State Retirement and Insurance Benefit Act
Article 11 - Utah State Retirement Systems Administration
- Section 101 - Title.
- Section 102 - Definitions.
- Section 103 - Purpose -- Liberal construction.
- Section 201 - Establishment of retirement office -- An independent state agency -- Office exemption.
- Section 202 - Establishment of Utah State Retirement Board -- Quorum -- Terms -- Officers -- Expenses and per diem -- Membership Council established.
- Section 203 - Powers and duties of board.
- Section 204 - Powers and duties of executive director.
- Section 301 - Creation -- Board to act as trustees of the fund -- Commingling and pooling of funds -- Interest earnings -- Funded ratio.
- Section 302 - Board duties with respect to fund.
- Section 303 - Fund investment standard -- Prudent investor rule.
- Section 304 - Administrative costs -- Payable from fund.
- Section 305 - Self-insurance option -- Purchase of liability insurance.
- Section 306 - Definitions -- Scrutinized companies investment report -- Content -- Reporting -- Exceptions.
- Section 307 - Report on funded status Study of compensation.
- Section 401 - Transfer of service credit -- Eligibility for service credit -- Computation of service credit -- Retirement from most recent system.
- Section 402 - Purchase of military service credit.
- Section 403 - Purchase of public service credit not otherwise qualifying for benefit.
- Section 404 - Benefit protection contract authorized -- Annual report required.
- Section 405 - Service credit from different systems or plans -- Eligibility and calculation of service credit.
- Section 406 - Governor's appointed executives and senior staff -- Appointed legislative employees -- Transfer of value of accrued defined benefit -- Procedures.
- Section 407 - Service credit purchases by active employees only.
- Section 501 - Refunds of member contributions -- Transfers of contributions to defined contribution plan.
- Section 502 - Redeposits of refunds -- Time period.
- Section 503 - Rate of interest on redeposits, adjustments, and delinquent payments.
- Section 504 - Reemployment of a retiree -- Restrictions.
- Section 505 - Reemployment of a retiree -- Restrictions.
- Section 601 - Payment of employer contributions -- Penalties for failure to comply -- Adjustments to be made.
- Section 602 - Participating employer to maintain records -- Time limit -- Penalties for failure to comply.
- Section 603 - Participating employer to report and certify -- Time limit -- Penalties for failure to comply.
- Section 604 - Office audits of participating employers -- Penalties for failure to comply.
- Section 605 - Notification and correction of violations.
- Section 606 - Full participation.
- Section 607 - Determination of benefits -- Errors in records or calculations -- Correction of errors by the office.
- Section 608 - False statements or records -- Unlawfully cashing benefit checks.
- Section 609 - Beneficiary designations -- Revocation of beneficiary designation -- Procedure -- Beneficiary not designated -- Payment to survivors in order established under the Uniform Probate Code -- Restrictions on payment -- Payment of deceased's expenses.
- Section 610 - Benefits payable in name of beneficiary -- Delivery.
- Section 611 - Benefits and money in the fund exempt from taxation -- Exceptions.
- Section 612 - Domestic relations order benefits -- Nonassignability of benefits or payments -- Exemption from legal process.
- Section 613 - Appeals procedure -- Right of appeal to hearing officer -- Board reconsideration -- Judicial review.
- Section 614 - Vesting on termination of system or plan.
- Section 615 - Election to grandfather -- Applicability of provisions.
- Section 616 - Benefits information.
- Section 617 - Original documents.
- Section 618 - Members and beneficiaries subject to chapter -- Furnishing of information -- Confidentiality of information.
- Section 619 - Permanent relinquishment of benefit -- Procedure.
- Section 620 - Closing the retirement account -- Status of retirees and beneficiaries.
- Section 621 - Change in employer -- Eligibility for retirement.
- Section 622 - Subsidiaries or other companies owned by independent corporations -- Participation -- Withdrawal.
- Section 701 - Allowance increase to offset tax liability -- Administration.
- Section 801 - Defined contribution plans authorized -- Subject to federal and state laws -- Rules to implement this provision -- Costs of administration -- Limitations on eligibility -- Protection of tax status.
- Section 802 - Permanent relinquishment of defined contribution benefit -- Procedure.
- Section 901.5 - Premium tax revenues -- Distribution.
- Section 902 - Premium tax revenues -- Formula -- Deposits.
- Section 1001 - Partial lump-sum payment option.
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
