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

49-23-103. Creation of system. (1) There is created for members employed by a participating employer the "New Public Safety and Firefighter Tier II Contributory Retirement System." (2) The New Public Safety and Firefighter Tier II Contributory Retirement System includes: the Tier…

49-23-104. Creation of trust fund. (1) There is created the "New Public Safety and Firefighter Tier II Contributory Retirement Trust Fund" for the purpose of paying the benefits and costs of administering the defined benefit portion of this system. (2) The fund shall consist of a…

49-23-201. System membership -- Eligibility. (1) Except as provided in Subsectionsand, beginning July 1, 2011, a participating employer that employs public safety service employees or firefighter service employees shall participate in this system. (3) (4) (2) A public safety serv…

49-23-202. Participation of employers -- Admission requirements. (1) An employer is a participating employer and may not withdraw from participation in this system. A participating employer shall cover the participating employer's: public safety service employees in accordance wi…

49-23-203. Exemptions from participation in system. (1) Upon filing a written request for exemption with the office, the following employees are exempt from participation in the system as provided in this section if the employee is a public safety service employee or firefighter …

49-23-301. Contributions. (1) Participating employers and members shall pay the certified contribution rates to the office to maintain the defined benefit portion of this system on a financially and actuarially sound basis in accordance with Subsection. (2) (2) A participating em…

49-23-302. Defined contribution benefit established -- Contribution by employer and employee -- Vesting of contributions -- Plans to be separate -- Tax-qualified status of plans. (1) A participating employer shall make a nonelective contribution on behalf of each public safety se…

49-23-303. Defined benefit 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 …

49-23-304. Defined benefit service retirement plans -- Calculation of retirement allowance -- Social security limitations. (1) Except as provided under Subsection, the retirees of this system may choose from the six retirement options described in this section. (6) Options Two, T…

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…

49-23-306. 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…

49-23-307. Defined benefit annual cost-of-living adjustment. (1) The office shall make an annual cost-of-living adjustment to: an original allowance paid under Section, if the allowance has been paid for at least one year; and 49-23-305 an original payment made to an alternate pa…

49-23-308. 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…

49-23-309. Defined benefit adjustments -- Conditions -- Process -- Future years accrual. (1) In accordance with this section, the Legislature may make adjustments to the benefits provided for the defined benefit portion of the Tier II Hybrid Retirement System created under this p…

49-23-401. Contributions -- Rates. (1) Up to the amount allowed by federal law, the participating employer shall make a nonelective contribution of 14% of the participant's compensation to a defined contribution plan. In addition to the nonelective contribution described in Subse…

49-23-402. Defined contribution distributions for disabled members. For a person who is disabled and receives contributions under Subsection, the disabled member may begin receiving distributions from the defined contributions made by the participating employer on behalf of the d…

49-23-403. Eligibility to receive a retirement allowance for a benefit tied to a retirement date for defined contribution members. (1) As used in this section, "eligible to receive a retirement allowance" means the date selected by the member who is a participant under this part …

49-23-501. 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…

49-23-502. 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. 49-23-304 (2) Upon the request of a deceased memb…

49-23-503. Death of active member in line of duty -- Payment of benefits. If an active member of this system dies, benefits are payable as follows: (1) If the death is classified by the office as a line-of-duty death, benefits are payable as follows: If the member has accrued les…

49-23-504. Death of members -- Exemption from vesting requirements for employer nonelective contributions to defined contribution plan. (1) If an active member dies, employer nonelective contributions made on behalf of the employee to a defined contribution plan under Sectionorar…

49-23-505. Exemption from vesting requirements for military service members and spouses with orders outside the state. (1) As used in this section, "service member" means the same as that term is defined in Section. 71A-1-101 (2) Employer nonelective contributions made on a membe…

49-23-601. Long-term disability coverage. (1) A participating employer shall cover a public safety service employee who initially enters employment on or after July 1, 2011, under, or a substantially similar long-term disability program. Chapter 21, Public Employees' Long-Term Di…

49-23-602. Benefit protection contract. (1) As used in this section: "Objective medical impairment" means the same as that term is defined in Section. 49-21-102 "Qualifying injury or illness" means a physical or mental objective medical impairment resulting from external force or…