Terms Used In Utah Code > Title 49 > Chapter 17 > Part 3 - Contributions

• Compensation: includes :

  (i)	performance-based bonuses;

  (ii)	cost-of-living adjustments;

  (iii)

  payments subject to Social Security deductions;

  (iv)	any payments in excess of the maximum amount subject to deduction under Social Security law;

  (v)	amounts which the member authorizes to be deducted or reduced for salary deferral or other benefits authorized by federal law; and

  (vi)

  member contributions. See Utah Code 49-17-102 Contributions: means the total amount paid by the participating employer and the member into a system or to the Utah Governors' and Legislators' Retirement Plan under Chapter 19, Utah Governors' and Legislators' Retirement Act. 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 Member: means a person, except a retiree, with contributions on deposit with a system, the Utah Governors' and Legislators' Retirement Plan under Chapter 19, Utah Governors' and Legislators' Retirement Act, or with a terminated system. See Utah Code 49-11-102 Member contributions: means the sum of the contributions paid to a system or the Utah Governors' and Legislators' Retirement Plan, including refund interest if allowed by a system, and which are made by: (a)  the member; and (b)  the participating employer on the member's behalf under Section 414(h) of the Internal Revenue Code. See Utah Code 49-11-102 Office: means the Utah State Retirement Office. See Utah Code 49-11-102 Participating employer: means the state. See Utah Code 49-17-102 Refund interest: means the amount accrued on member contributions at a rate adopted by the board. 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' Contributory Retirement System created under this chapter. See Utah Code 49-17-102