Utah Code § 49-11-503

Current through the 2024 Fourth Special Session

Section 49-11-503 - Rate of interest on redeposits, adjustments, and delinquent payments

The rate of interest charged on redeposits of refunds, adjustments, or delinquent payments is the greater of:

(1) the interest rate as determined under a formula approved by the board; or

(2) the actuarial interest rate as of the preceding June 30.

Utah Code § 49-11-503

Amended by Chapter 240, 2003 General Session.