Utah Code § 49-12-407: Annual cost-of-living adjustment.
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) The office shall make an annual cost-of-living adjustment to:
(a) an original allowance paid under Section 49-12-402 or 49-12-404, if the allowance has been paid for at least one year; and
(b) an original payment made to an alternate payee under a domestic relations order, if the payment is to be paid as a percentage of the allowance rather than a specific dollar amount.
(2)
(a) The original allowance shall be increased by the annual increase in the Consumer Price Index up to a maximum of 4%.
(b) Annual increases in the Consumer Price Index in excess of 4% shall be accumulated and used in subsequent adjustments when the annual increase in the Consumer Price Index is less than 4%.
(3) The Consumer Price Index used in calculating adjustments shall be a United States Bureau of Labor Statistics Consumer Price Index average as determined by the board.
(4) The cost-of-living adjustment made under this section may not decrease the allowance.
Collected 2026-09-03T11:34:33Z. Source file · JSON