49-23-201 - System membership -- Eligibility. - Utah Statutes

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Statutes > Utah > Title-49 > Chapter-23 > 49-23-201

49-23-201. System membership -- Eligibility.
(1) Beginning July 1, 2011, a participating employer that employs public safety serviceemployees or firefighter service employees shall participate in this system.
(2) (a) A public safety service employee or a firefighter service employee enteringemployment with a participating employer on or after July 1, 2011, is eligible:
(i) as a member for service credit and defined contributions under the Tier II hybridretirement system established by Part 3, Tier II Hybrid Retirement System; or
(ii) as a participant for defined contributions under the Tier II defined contributions planestablished by Part 4, Tier II Defined Contribution Plan.
(b) A public safety service employee or a firefighter service employee enteringemployment with a participating employer on or after July 1, 2011, shall:
(i) make an election to participate in the system created under this chapter within 30 daysfrom the date of employment:
(A) as a member for service credit and defined contributions under the Tier II hybridretirement system established by Part 3, Tier II Hybrid Retirement System; or
(B) as a participant for defined contributions under the Tier II defined contribution planestablished by Part 4, Tier II Defined Contribution Plan; and
(ii) submit to the office notification of the member's election under Subsection (2)(b)(i)in a manner approved by the office.
(c) An election made by a public safety service employee or firefighter service employeeentering employment with a participating employer under this Subsection (2) is irrevocable.
(d) If no election is made under Subsection (2)(b)(i), the public safety service employeeor firefighter service employee shall become a member eligible for service credit and definedcontributions under the Tier II hybrid retirement system established by Part 3, Tier II HybridRetirement System.

Enacted by Chapter 266, 2010 General Session

State Codes and Statutes

Statutes > Utah > Title-49 > Chapter-23 > 49-23-201

49-23-201. System membership -- Eligibility.
(1) Beginning July 1, 2011, a participating employer that employs public safety serviceemployees or firefighter service employees shall participate in this system.
(2) (a) A public safety service employee or a firefighter service employee enteringemployment with a participating employer on or after July 1, 2011, is eligible:
(i) as a member for service credit and defined contributions under the Tier II hybridretirement system established by Part 3, Tier II Hybrid Retirement System; or
(ii) as a participant for defined contributions under the Tier II defined contributions planestablished by Part 4, Tier II Defined Contribution Plan.
(b) A public safety service employee or a firefighter service employee enteringemployment with a participating employer on or after July 1, 2011, shall:
(i) make an election to participate in the system created under this chapter within 30 daysfrom the date of employment:
(A) as a member for service credit and defined contributions under the Tier II hybridretirement system established by Part 3, Tier II Hybrid Retirement System; or
(B) as a participant for defined contributions under the Tier II defined contribution planestablished by Part 4, Tier II Defined Contribution Plan; and
(ii) submit to the office notification of the member's election under Subsection (2)(b)(i)in a manner approved by the office.
(c) An election made by a public safety service employee or firefighter service employeeentering employment with a participating employer under this Subsection (2) is irrevocable.
(d) If no election is made under Subsection (2)(b)(i), the public safety service employeeor firefighter service employee shall become a member eligible for service credit and definedcontributions under the Tier II hybrid retirement system established by Part 3, Tier II HybridRetirement System.

Enacted by Chapter 266, 2010 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-49 > Chapter-23 > 49-23-201

49-23-201. System membership -- Eligibility.
(1) Beginning July 1, 2011, a participating employer that employs public safety serviceemployees or firefighter service employees shall participate in this system.
(2) (a) A public safety service employee or a firefighter service employee enteringemployment with a participating employer on or after July 1, 2011, is eligible:
(i) as a member for service credit and defined contributions under the Tier II hybridretirement system established by Part 3, Tier II Hybrid Retirement System; or
(ii) as a participant for defined contributions under the Tier II defined contributions planestablished by Part 4, Tier II Defined Contribution Plan.
(b) A public safety service employee or a firefighter service employee enteringemployment with a participating employer on or after July 1, 2011, shall:
(i) make an election to participate in the system created under this chapter within 30 daysfrom the date of employment:
(A) as a member for service credit and defined contributions under the Tier II hybridretirement system established by Part 3, Tier II Hybrid Retirement System; or
(B) as a participant for defined contributions under the Tier II defined contribution planestablished by Part 4, Tier II Defined Contribution Plan; and
(ii) submit to the office notification of the member's election under Subsection (2)(b)(i)in a manner approved by the office.
(c) An election made by a public safety service employee or firefighter service employeeentering employment with a participating employer under this Subsection (2) is irrevocable.
(d) If no election is made under Subsection (2)(b)(i), the public safety service employeeor firefighter service employee shall become a member eligible for service credit and definedcontributions under the Tier II hybrid retirement system established by Part 3, Tier II HybridRetirement System.

Enacted by Chapter 266, 2010 General Session