| (1) |
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 49-13-301
- Office: means the Utah State Retirement Office. See Utah Code 49-11-102
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- System: means the Public Employees' Noncontributory Retirement System. See Utah Code 49-13-102
| (2) |
For purposes of determining contribution rates, this system is divided into two levels according to participating employers as follows:
| (a) |
Level A includes the state, its independent agencies, independent entities, public corporations, and other instrumentalities, all participating educational institutions, and all other participating employers whose activities are associated with participating educational institutions. |
| (b) |
Level B includes all other participating employers in this system. |
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Renumbered and Amended by Chapter 250, 2002 General Session
