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2025 Utah Code
Title 49 - Utah State Retirement and Insurance Benefit Act
Chapter 22 - New Public Employees' Tier II Contributory Retirement Act
Part 3 - Tier II Hybrid Retirement System
Section 306 - Allowance payable by lump-sum payment.
Universal Citation:
UT Code § 49-22-306 (2025)
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49-22-306. Allowance payable by lump-sum payment.
Enacted by Chapter 266, 2010 General Session
- (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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