Utah § 49-11-103 Purpose -- Liberal construction.

Utah Statutes

§ 49-11-103 — Purpose -- Liberal construction.

Utah·Title 49 Utah State Retirement and Insurance Benefit Act·Ch. 49-11 Utah State Retirement Systems Administration·Part 49-11-1 General Provisions

(1)The purpose of this title is to establish:

(1)(a) retirement systems and the Utah Governors' and Legislators' Retirement Plan for members which provide:

(1)(a)(i) a uniform system of membership;

(1)(a)(ii) retirement requirements;

(1)(a)(iii) benefits for members;

(1)(a)(iv) funding on an actuarially sound basis;

(1)(a)(v) contributions; and

(1)(a)(vi) economy and efficiency in public service; and

(1)(b) a central administrative office and a board to administer the various systems, plans, and programs established by the Legislature or the board.

(2)This title shall be liberally construed to provide maximum benefits and protections consistent with sound fiduciary and actuarial principles.

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(1) The purpose of this title is to establish:

(1)(a) retirement systems and the Utah Governors' and Legislators' Retirement Plan for members which provide:
(1)(a)(i) a uniform system of membership;
(1)(a)(ii) retirement requirements;
(1)(a)(iii) benefits for members;
(1)(a)(iv) funding on an actuarially sound basis;
(1)(a)(v) contributions; and
(1)(a)(vi) economy and efficiency in public service; and
(1)(b) a central administrative office and a board to administer the various systems, plans, and programs established by the Legislature or the board.
(2) This title shall be liberally construed to provide maximum benefits and protections consistent with sound fiduciary and actuarial principles.

Utah § 49-11-103 (Purpose -- Liberal construction.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.