Utah Statutes
§ 49-13-407 — Annual cost-of-living adjustment.
Utah·Title 49 Utah State Retirement and Insurance Benefit Act·Ch. 49-13 Public Employees' Noncontributory Retirement Act·Part 49-13-4 Defined Benefit
(1)The office shall make an annual cost-of-living adjustment to:
(1)(a) an original allowance paid under Section 49-13-402 or 49-13-405, if the allowance has been paid for at least one year; and
(1)(b) an original payment made to an alternate payee under a domestic relations order, if the payment is to be paid as a percentage of the allowance rather than a specific dollar amount.
(2)(2)(a) The original allowance shall be increased by the annual increase in the Consumer Price Index up to a maximum of 4%.
(2)(b) Annual increases in the Consumer Price Index in excess of 4% shall be accumulated and used in subsequent adjustments when the annual increase in the Consumer Price Index is less than 4%.
(3)The Consumer Price Index used in calculating adjustments shall be a United States Bureau o
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Legislative History
Amended by Chapter 260, 2006 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.