Utah Statutes
§ 10-3-1107 — Cost of living adjustment -- Price index used.
Utah·Title 10 Utah Municipal Code·Ch. 10-3 Municipal Government·Part 10-3-11 Personnel Rules and Benefits
(1)(1)(a) The governing body of each municipality may, in their discretion, adopt a plan to allow any person who qualifies under this part to receive a cost of living adjustment in that person's monthly retirement allowance.
(1)(b) The adjustment allowed shall be a percentage, not to exceed 100%, of the sum as would restore the full purchasing power of each person's original unmodified pension allowance as it was in the calendar year in which the retirement giving rise to the pension occurred.
(2)The amount necessary to restore the full purchasing power of the original unmodified pension allowance shall be computed from the consumers price index published by the United States Bureau of Labor Statistics.
(3)(3)(a) Adjustments may be effective as of July 1, 1977, or at any subsequent date
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Legislative History
Amended by Chapter 354, 2025 General Session
Nearby Sections
15
§ 10-1-103
Construction.§ 10-1-104
Definitions.§ 10-1-105
No changes intended.§ 10-1-106
Scope of title.§ 10-1-107
Municipalities.§ 10-1-109
Saving clause.§ 10-1-111
Existing indebtedness.§ 10-1-113
Severability clause.§ 10-1-118
Changing the name of a municipality.