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

49-13-201. System membership -- Eligibility. (1) Beginning July 1, 1986, the state and its educational institutions shall participate in this system. A person entering regular full-time employment with the state or its educational institutions after July 1, 1986, but before July …

49-13-202. Participation of employers -- Limitations -- Exclusions -- Admission requirements -- Nondiscrimination requirements -- Service credit purchases. (1) Unless excluded under Subsection, an employer is a participating employer and may not withdraw from participation in thi…

49-13-203. 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…

49-13-204. 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…

49-13-205. Conversion to system -- Time schedule -- Conversion windows. (1) An employee governed under Sectionshall make the election to participate in this system within six months of July 1, 1986. 49-13-201 (2) An employer governed under Sectionsandshall make the election to pa…

49-13-301. Contributions -- Two levels. (1) Participating employers shall pay the certified contribution rates to the office to maintain this system on a financially and actuarially sound basis. (2) For purposes of determining contribution rates, this system is divided into two l…

49-13-302. 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 such service credit in accordance with Section.

49-13-303. Supplemental benefit established -- Defined contribution plan options -- Contribution by employer and employee -- Immediate vesting of contributions -- Plans to be separate -- Tax-qualified status of plans. (1) Participating employers in Level A under Section, which ar…

49-13-401. 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 …

49-13-402. Service retirement plans -- Calculation of retirement allowance. (1) Except as provided under Subsectionor Section, retirees of this system may choose from the six retirement options described in this section. (7) 49-13-701 Options Two, Three, Four, Five, and Six are m…

49-13-403. Allowance payable by lump-sum payment. (1) If a retiree's allowance, as computed under Section, 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. 49-13-402 (2) A payment…

49-13-404. 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…

49-13-405. Death of married members -- Service retirement benefits to surviving spouse. (1) As used in this section, "member's full allowance" means an Option Three allowance calculated under Sectionwithout an actuarial reduction. 49-13-402 (2) Upon the request of a deceased memb…

49-13-406. 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 …

49-13-407. 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 49-13-402 49-13-405 an original payment made to an alternate payee …

49-13-408. 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…

49-13-501. Death benefit -- Eligibility for death benefit -- Benefit calculation -- Payment of claim. (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 may, in accor…

49-13-701. 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…