(1)  In addition to the money paid to this system under Subsection (2), participating employers shall pay the certified contribution rates to the office to maintain this system on a financially and actuarially sound basis.

Terms Used In Utah Code 49-18-301

  • Office: means the Utah State Retirement Office. See Utah Code 49-11-102
  • Retirement: means the status of an individual who has become eligible, applies for, and is entitled to receive an allowance under this title. See Utah Code 49-11-102
  • System: means the Judges' Noncontributory Retirement System created under this chapter. See Utah Code 49-18-102
(2)  Fees collected under Subsection 78A-2-301(1)(j)(i) shall be paid monthly to the office to maintain this system and the system established under Chapter 17, Judges’ Contributory Retirement Act.

Amended by Chapter 3, 2008 General Session

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