49-22-403. Eligibility to receive a retirement allowance for a benefit tied to a retirement date for defined contribution members.
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/ut/title-49/chapter-22/49-22-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 7/1/2021
49-22-403. Eligibility to receive a retirement allowance for a benefit tied to a retirement date for defined contribution members.
(1)As used in this section, "eligible to receive a retirement allowance" means the date selected by the member who is a participant under this part on which the member has ceased employment and would be qualified to receive an allowance under Section 49-22-304 if the member had been under the Tier II Hybrid Retirement System for the same period of employment.
(2)The office and a participating employer shall make an accounting of years of service credit accrued for a member who is a participant under this part in order to calculate when a member would be eligible to receive a retirement allowance for purposes of establishing when a member may be eligible for a benefit tied to a retirement date that may be provided under Section 63A-17-508 , this title, another state statute, or by a participating employer.
Amended by Chapter 345 , 2021 General Session