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Code · Utah · Title 49 — Utah State Retirement and Insurance Benefit Act · Chapter 11

49-11-503. Rate of interest on redeposits, adjustments, and delinquent payments.

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49-11-503. Rate of interest on redeposits, adjustments, and delinquent payments.
The rate of interest charged on redeposits of refunds, adjustments, or delinquent payments is the greater of:
(1)the interest rate as determined under a formula approved by the board; or
(2)the actuarial interest rate as of the preceding June 30.
Amended by Chapter 240 , 2003 General Session
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