State Codes and Statutes

Statutes > Utah > Title-49 > Chapter-22 > 49-22-306

49-22-306. 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.

Enacted by Chapter 266, 2010 General Session

State Codes and Statutes

Statutes > Utah > Title-49 > Chapter-22 > 49-22-306

49-22-306. 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.

Enacted by Chapter 266, 2010 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-49 > Chapter-22 > 49-22-306

49-22-306. 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.

Enacted by Chapter 266, 2010 General Session