49-23-103. Creation of system.
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Effective 7/1/2019
49-23-103. Creation of system.
(1)There is created for members employed by a participating employer the "New Public Safety and Firefighter Tier II Contributory Retirement System."
(2)The New Public Safety and Firefighter Tier II Contributory Retirement System includes:
(a)the Tier II hybrid retirement system created in Part 3, Tier II Hybrid Retirement System ; and
(b)the Tier II defined contribution plan created in Part 4, Tier II Defined Contribution Plan .
(3)The system may also be known and function as the Public Safety and Firefighter Tier 2 Contributory Retirement System, the Tier 2 Hybrid Retirement System, and the Tier 2 Defined Contribution Plan.
Amended by Chapter 31 , 2019 General Session