Utah Code 49-11-802. Permanent relinquishment of defined contribution benefit — Procedure
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Terms Used In Utah Code 49-11-802
- defined contribution plan: means any defined contribution plan or deferred compensation plan authorized under the Internal Revenue Code and administered by the board. See Utah Code 49-11-102
- Participant: means an individual with voluntary deferrals or nonelective contributions on deposit with the defined contribution plans administered under this title. See Utah Code 49-11-102
A participant or designated beneficiary under a defined contribution plan may permanently relinquish the benefit by signing an irrevocable written relinquishment.
Enacted by Chapter 250, 2002 General Session