Utah Statutes
§ 49-14-104 — Creation of trust fund.
Utah·Title 49 Utah State Retirement and Insurance Benefit Act·Ch. 49-14 Public Safety Contributory Retirement Act·Part 49-14-1 General Provisions
(1)There is created the "Public Safety Contributory Retirement Trust Fund" for the purpose of paying the benefits and the costs of administering this system.
(2)The fund shall consist of a number of individual trust accounts created as needed to receive the money and assets transferred into them from the respective terminated systems, all money paid into them, including interest, in accordance with this chapter, whether in the form of cash, securities, or other assets, and of all money received from any other source.
(3)Custody, management, and investment of the fund shall be governed by Chapter 11, Utah State Retirement Systems Administration.
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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.