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2012 Utah Code
Title 49 - Utah State Retirement and Insurance Benefit Act
Article 11 - Utah State Retirement Systems Administration
Section 503 - Rate of interest on redeposits, adjustments, and delinquent payments.
Universal Citation:
UT Code ยง 49-11-503 (2012)
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49-11-503. Rate of interest on redeposits, adjustments, and delinquent payments.
The rate of interest charged on redeposits of refunds, adjustments, or delinquent payments is the greater of:
(1) the interest rate as determined under a formula approved by the board; or
(2) the actuarial interest rate as of the preceding June 30.
Amended by Chapter 240, 2003 General Session
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