Utah Statutes
§ 49-11-503 — Rate of interest on redeposits, adjustments, and delinquent payments.
Utah·Title 49 Utah State Retirement and Insurance Benefit Act·Ch. 49-11 Utah State Retirement Systems Administration·Part 49-11-5 General Member Provisions
The rate of interest charged on redeposits of refunds, adjustments, or delinquent payments is the greater of:
(1)the interest rate as determined under a formula approved by the board; or
(2)the actuarial interest rate as of the preceding June 30.
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Legislative History
Amended by Chapter 240, 2003 General Session
Nearby Sections
15
§ 49-11-1001
Partial lump-sum payment option.§ 49-11-101
Title.§ 49-11-102
Definitions.§ 49-11-103
Purpose -- Liberal construction.§ 49-11-1102
Public notice of administrative board meetings -- Posting on Utah Public Notice Website.§ 49-11-1103
Public information requests.§ 49-11-1201
Title.§ 49-11-1202
Definitions.§ 49-11-1203
Applicability.§ 49-11-1206
Notice of postretirement reemployment.§ 49-11-1208
Rulemaking.