2016 Utah Code
Title 49 - Utah State Retirement and Insurance Benefit Act
Chapter 16 - Firefighters' Retirement Act
Part 4 - Defined Benefit
Section 402 - Calculation of retirement allowance.

49-16-402. Calculation of retirement allowance.

• (1) A retiree under this system shall receive an allowance equal to:
  • (a) 2.5% of final average monthly salary multiplied by the number of years of service credit, limited to 20 years; plus
  • (b) 2% of final average monthly salary, multiplied by the number of years of service credit in excess of 20 years.

• (2) The minimum allowance payable under this section is $500.

• (3)
  • (a) Except as modified by cost-of-living adjustments and except as provided under Subsection (3)(b), an allowance under this system may not exceed 70% of a firefighter service employee's final average monthly salary.
  • (b) The allowance limitation under Subsection (3)(a) does not apply to a member who initially retires on or after July 1, 2010.

Amended by Chapter 264, 2010 General Session