GroundRules
Utah Code § 49-12-403: Allowance payable by lump sum payment.
Where this section sits in the code
- Title 49 Utah State Retirement and Insurance Benefit Act
- Chapter 49-12 Public Employees' Contributory Retirement Act
- Part 49-12-4 Defined Benefit
(1) If a retiree's allowance, as computed under this chapter, amounts to $25 or less, the allowance may be settled by the office by making a lump-sum payment of an amount actuarially equivalent to the allowance.
(2) A payment made under this section constitutes a full and complete settlement of the retiree's claim against this system.
Collected 2026-09-03T11:34:33Z. Source file · JSON