Utah § 49-12-409 Purchase of service credit -- Conditions -- Cost -- Nondiscrimination policy.

Utah Statutes

§ 49-12-409 — Purchase of service credit -- Conditions -- Cost -- Nondiscrimination policy.

Utah § 49-12-409

Title 49Utah State Retirement and Insurance Benefit Act

Ch. 49-12Public Employees' Contributory Retirement Act

Part 49-12-4Defined Benefit

This text of Utah § 49-12-409 (Purchase of service credit -- Conditions -- Cost -- Nondiscrimination policy.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 49-12-409 (2026).

Text

(1)(1)(a) 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.

(1)(b) At a minimum, the years of service credit purchased shall be sufficient to allow the member to meet the retirement eligibility requirements of this system with no actuarial reduction.

(1)(c) The member's retirement date shall be immediately after the purchase of years of service credit.

(1)(d) The member shall pay at least 5% of the cost of the purchase.

(1)(e) To qualify for a purchase of service credit under this section, the member shall:

(1)(e)(i) have at least five years of service credit; and

(1)(e)(ii) otherwise meet federal eligibility requirements.

(2)The purchase price for the years o

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(1) (1)(a) 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.
(1)(b) At a minimum, the years of service credit purchased shall be sufficient to allow the member to meet the retirement eligibility requirements of this system with no actuarial reduction.
(1)(c) The member's retirement date shall be immediately after the purchase of years of service credit.
(1)(d) The member shall pay at least 5% of the cost of the purchase.
(1)(e) To qualify for a purchase of service credit under this section, the member shall:
(1)(e)(i) have at least five years of service credit; and
(1)(e)(ii) otherwise meet federal eligibility requirements.
(2) The purchase price for the years of service credit shall be calculated and paid for as provided in Section 49-11-403.
(3) Prior to making any purchase of years of service credit under this section, a participating employer shall adopt a purchase policy that includes nondiscriminatory participation standards for all regular full-time employees.
(4) Only members retiring from this system may purchase service credit under this section.