Utah Code 49-18-301. Contributions by employees and employers — Retirement fees
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(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 .