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UTAH STATUTES AND CODES
49-12-403 - Allowance payable by lump sum payment.
49-12-403. Allowance payable by lump sum payment.
(1) If a retiree's allowance, as computed under this chapter, amounts to $25 or less, theallowance may be settled by the office by making a lump-sum payment of an amount actuariallyequivalent to the allowance.
(2) A payment made under this section constitutes a full and complete settlement of theretiree's claim against this system.
(1) If a retiree's allowance, as computed under this chapter, amounts to $25 or less, theallowance may be settled by the office by making a lump-sum payment of an amount actuariallyequivalent to the allowance.
(2) A payment made under this section constitutes a full and complete settlement of theretiree's claim against this system.
Renumbered and Amended by Chapter 250, 2002 General Session
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