Repealed 7/1/2026
176 words·~1 min read·
/ut/title-49/chapter-11/7-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Repealed 7/1/2026
49-11-902. Premium tax revenues -- Formula -- Deposits.
(1)If the premium tax revenue received by the office under Subsection 49-11-901.5(1) and first paid in accordance with Subsections 49-11-901.5(2)(a) and
(b), including any remaining amount, the office shall deposit the amount in the:
(a)Public Safety Contributory Trust Fund created under Section 49-14-104 ; and
(b)Public Safety Noncontributory Retirement Trust Fund created under Section 49-15-104 .
(2)The money deposited under this section shall be used to fund an increase for retirees in the public safety retirement systems from a 2.5% maximum annual cost-of-living adjustment to a 4% maximum annual cost-of-living adjustment under Sections 49-14-403 and 49-15-403 in the public safety retirement systems.
(3)As required to implement this section, the office shall make the calculations and deposits for the equitable apportionment of money between:
(a)Division A1 and B1; and
(b)the contributory and noncontributory trust funds.
Repealed by Chapter 469 , 2026 General Session
Amended by Chapter 290 , 2011 General Session
Amended by Chapter 439 , 2011 General Session