Utah Code 49-21-301. Contributions to fund program — Adjustment of premium rate

(1)	During each legislative session, the board shall certify to the Legislature the employer paid premium rate expressed as a percentage of salary which is required to fund the Public Employees’ Long-Term Disability Trust Fund.

Board: means the Utah State Retirement Board established under Section 49-11-202. See Utah Code 49-11-102
Employer: means any department, educational institution, or political subdivision of the state eligible to participate in a government-sponsored retirement system under federal law. See Utah Code 49-11-102
Fund: means any fund created under this title for the purpose of paying benefits or costs of administering a system, plan, or program. See Utah Code 49-11-102
Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).

(2)	Upon the board’s recommendation, the Legislature shall adjust the premium rate to maintain adequate funding for the Public Employees’ Long-Term Disability Trust Fund.

Renumbered and Amended by Chapter 250, 2002 General Session