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Utah Code Title 49. Utah State Retirement and Insurance Benefit Act § 49-17-401. Eligibility for an allowance--Date of retirement--Qualifications

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) A member is qualified to receive an allowance when:

(a) the member ceases actual work for every participating employer that employs the member before the member's retirement date and provides evidence of the termination;

(b) the member has submitted to the office a retirement application form that states the member's proposed retirement date;  and

(c) one of the following conditions is met as of the member's retirement date:

(i) the member has accrued at least six years of service credit and has attained an age of 70 years;

(ii) the member has accrued at least 10 years of service credit and has attained an age of 62 years;

(iii) the member has accrued at least 20 years of service credit and has attained an age of 55 years;  or

(iv) the member has accrued at least 25 years of service credit.

(2)(a) The member's retirement date:

(i) shall be the 1st or the 16th day of the month, as selected by the member;

(ii) shall be on or after the date of termination;  and

(iii) may not be more than 90 days before or after the date the application is received by the office.

(b) A member may not be employed by a participating employer in the system established by this chapter on the retirement date selected under Subsection (2)(a)(i).

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Cite this article: FindLaw.com - Utah Code Title 49. Utah State Retirement and Insurance Benefit Act § 49-17-401. Eligibility for an allowance--Date of retirement--Qualifications - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-49-utah-state-retirement-and-insurance-benefit-act/ut-code-sect-49-17-401/

Read this complete Utah Code Title 49. Utah State Retirement and Insurance Benefit Act § 49-17-401. Eligibility for an allowance--Date of retirement--Qualifications on Westlaw

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