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2012 Utah Code
Title 49 - Utah State Retirement and Insurance Benefit Act
Article 23 - New Public Safety and Firefighter Tier II Contributory Retirement Act
Section 305 - Allowance payable by lump-sum payment.


UT Code § 49-23-305 (2012) What's This?

49-23-305. Allowance payable by lump-sum payment.

(1) If a retiree's allowance, as computed under this chapter, amounts to $25 or less, the allowance may be settled by the office by making a lump-sum payment of an amount actuarially equivalent to the allowance.

(2) A payment made under this section constitutes a full and complete settlement of the retiree's claim against this system.


Enacted by Chapter 266, 2010 General Session

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