Utah § 49-14-402 Calculation of retirement allowance.

Utah Statutes

§ 49-14-402 — Calculation of retirement allowance.

Utah·Title 49 Utah State Retirement and Insurance Benefit Act·Ch. 49-14 Public Safety Contributory Retirement Act·Part 49-14-4 Defined Benefit

(1)A retiree under this system shall receive an allowance equal to:

(1)(a) 2.5% of final average monthly salary multiplied by the number of years of service credit, limited to 20 years; plus

(1)(b) 2% of final average monthly salary, multiplied by the number of years of service credit in excess of 20 years.

(2)(2)(a) Except as modified by cost-of-living adjustments and except as provided under Subsection (2)(b), an allowance under this system may not exceed 70% of a retiree's final average monthly salary.

(2)(b) The allowance limitation under Subsection (2)(a) does not apply to a member who initially retires on or after July 1, 2010.

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(1) A retiree under this system shall receive an allowance equal to:

(1)(a) 2.5% of final average monthly salary multiplied by the number of years of service credit, limited to 20 years; plus
(1)(b) 2% of final average monthly salary, multiplied by the number of years of service credit in excess of 20 years.
(2) (2)(a) Except as modified by cost-of-living adjustments and except as provided under Subsection (2)(b), an allowance under this system may not exceed 70% of a retiree's final average monthly salary.
(2)(b) The allowance limitation under Subsection (2)(a) does not apply to a member who initially retires on or after July 1, 2010.

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