49-17-401. Eligibility for an allowance -- Date of retirement -- Qualifications.

240 words·~1 min read·/ut/title-49/chapter-17/49-17-401

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/6/2026

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

(a)the member has a bona fide termination of employment 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.

(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) .

Amended by Chapter 98 , 2026 General Session