Utah Statutes
§ 49-12-408 — Minimum monthly allowance.
Utah·Title 49 Utah State Retirement and Insurance Benefit Act·Ch. 49-12 Public Employees' Contributory Retirement Act·Part 49-12-4 Defined Benefit
(1)A retiree under this system may not receive less than $9 per month for each year of service credit at the time of retirement.
(2)The increased allowance provided by this section may not exceed the allowance payable under Option One under Section 49-12-402, by more than 75%.
(3)The cost of providing this benefit shall be assumed within the contribution rate established under Section 49-12-301.
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Legislative History
Renumbered and Amended by Chapter 250, 2002 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.