Utah § 49-23-307 Defined benefit annual cost-of-living adjustment.

Utah Statutes

§ 49-23-307 — Defined benefit annual cost-of-living adjustment.

Utah § 49-23-307

Title 49Utah State Retirement and Insurance Benefit Act

Ch. 49-23New Public Safety and Firefighter Tier II Contributory Retirement Act

Part 49-23-3Tier II Hybrid Retirement System

This text of Utah § 49-23-307 (Defined benefit annual cost-of-living adjustment.) 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. § 49-23-307 (2026).

Text

(1)The office shall make an annual cost-of-living adjustment to:

(1)(a) an original allowance paid under Section 49-23-305, 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 2.5%.

(2)(b) Annual increases in the Consumer Price Index in excess of 2.5% shall be accumulated and used in subsequent adjustments when the annual increase in the Consumer Price Index is less than 2.5%.

(3)The Consumer Price Index used in calculating adjustments shall be a United States Bureau of Labor

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(1) The office shall make an annual cost-of-living adjustment to:

(1)(a) an original allowance paid under Section 49-23-305, 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 2.5%.
(2)(b) Annual increases in the Consumer Price Index in excess of 2.5% shall be accumulated and used in subsequent adjustments when the annual increase in the Consumer Price Index is less than 2.5%.
(3) The Consumer Price Index used in calculating adjustments shall be a United States Bureau of Labor Statistics Consumer Price Index average as determined by the board.
(4) The cost-of-living adjustment made under this section may not decrease the allowance.