Utah Code § 49-11-103

Current through the 2024 Fourth Special Session
Section 49-11-103 - Purpose - Liberal construction
(1) The purpose of this title is to establish:
(a) retirement systems and the Utah Governors' and Legislators' Retirement Plan for members which provide:
(i) a uniform system of membership;
(ii) retirement requirements;
(iii) benefits for members;
(iv) funding on an actuarially sound basis;
(v) contributions; and
(vi) economy and efficiency in public service; and
(b) a central administrative office and a board to administer the various systems, plans, and programs established by the Legislature or the board.
(2) This title shall be liberally construed to provide maximum benefits and protections consistent with sound fiduciary and actuarial principles.

Utah Code § 49-11-103

Amended by Chapter 10, 2018 General Session ,§ 1, eff. 2/21/2018.
Renumbered and Amended by Chapter 250, 2002 General Session.