49-19-201. Plan participation -- Eligibility.
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Effective 3/3/2014
49-19-201. Plan participation -- Eligibility.
(1)A governor or legislator is eligible for service credit in this plan during their term of service in their elected position if the governor or legislator:
(a)entered office before July 1, 2011; or
(b)accrued service credit in a Tier I system or plan administered by the board before July 1, 2011.
(2)A governor or legislator initially entering office on or after July 1, 2011, who does not have service credit accrued before July 1, 2011, in a Tier I system or plan administered by the board:
(a)may not participate in this system;
(b)is only eligible to participate in the Tier II Defined Contribution Plan established under Chapter 22, Part 4, Tier II Defined Contribution Plan ; and
(c)is not eligible to participate in the Tier II hybrid retirement system established under Chapter 22, Part 3, Tier II Hybrid Retirement System .
Amended by Chapter 15 , 2014 General Session