Title 49, Title 49: Utah State Retirement and Insurance Benefit Act

49-12-201. System membership -- Eligibility. (1) A regular full-time employee of a participating employer is eligible for service credit in this system upon the later of: the date on which the participating employer began participating in this system; or the effective date of emp…

49-12-202. Participation of employers -- Limitations -- Exclusions -- Admission requirements -- Exceptions -- Nondiscrimination requirements. (1) Unless excluded under Subsection, an employer is a participating employer and may not withdraw from participation in this system. (2) …

49-12-203. Exclusions from membership in system. (1) The following employees are not eligible for service credit in this system: subject to the requirements of Subsection, an employee whose employment status is temporary in nature due to the nature or the type of work to be perfo…

49-12-204. Higher education employees' eligibility requirements -- Election between different retirement plans -- Classification requirements -- Transfer between systems -- One-time election window -- Rulemaking. (1) A regular full-time employee of an institution of higher educat…

49-12-301. Contributions -- Two levels -- Election by a participating employer to pay employee contributions -- Accounting for and vesting of member contributions -- Deductions. (1) Participating employers and members shall jointly pay the certified contribution rates to the offi…

49-12-302. Purchase of service credit. Any member who works 20 or more hours per week for a participating employer participating in this system, but does not meet other eligibility requirements for service credit, may purchase the service credit in accordance with Section.

49-12-401. Eligibility for an allowance -- Date of retirement -- Qualifications. (1) A member is qualified to receive an allowance from this system when: except as provided under Subsection, the member has a bona fide termination of employment before the member's retirement date …

49-12-402. Service retirement plans -- Calculation of retirement allowance. (1) Except as provided under Section, retirees of this system may choose from the six retirement options described in this section. 49-12-701 Options Two, Three, Four, Five, and Six are modifications of t…

49-12-403. 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…

49-12-404. Lump-sum death benefit for retiree and spouse. (1) Upon retirement, a retiree may elect to have the office deduct an actuarially determined amount from the retiree's allowance to provide a lump-sum benefit payable to a beneficiary upon the death of the retiree. Upon re…

49-12-405. Death of married member -- Service retirement benefits to surviving spouse. (1) Upon the request of a deceased member's surviving spouse, the deceased member is considered to have retired under Option Three on the first day of the month following the month in which the…

49-12-406. Exceptions for part-time elective or appointive service -- Computation of allowance -- Justice court judges. (1) Notwithstanding the provisions of Sectionsand, and unless otherwise provided in this section, a member's elective or appointive service rendered on a basis …

49-12-407. Annual cost-of-living adjustment. (1) The office shall make an annual cost-of-living adjustment to: an original allowance paid under Sectionor, if the allowance has been paid for at least one year; and 49-12-402 49-12-404 an original payment made to an alternate payee …

49-12-408. Minimum monthly allowance. (1) A retiree under this system may not receive less than $9 per month for each year of service credit at the time of retirement. (2) The increased allowance provided by this section may not exceed the allowance payable under Option One under…

49-12-409. Purchase of service credit -- Conditions -- Cost -- Nondiscrimination policy. (1) A member may purchase or a member and a participating employer may jointly purchase a maximum of five years of service credit which cannot otherwise be purchased under this title. At a mi…

49-12-501. Death benefit -- Eligibility for death benefit -- Benefit calculation -- Payment of claim -- Exclusion. (1) The office shall provide a death benefit for members of this system. (2) The board shall make rules to administer the death benefit provided by this section and …

49-12-601. Disability retirement -- Medical examinations -- Reemployment of retirant with a disability -- Cancellation of benefit -- Service credit -- Retirant with a disability engaging in gainful employment -- Reduction of allowance -- Refusal to submit to medical examination. …

49-12-701. Early retirement incentive -- Eligibility -- Calculation of benefit -- Payment of costs -- Savings to be appropriated by Legislature -- Restrictions on reemployment. (1) Any member of this system may retire and receive the allowance allowed under Subsectionif the membe…