Terms Used In Utah Code > Title 49 > Chapter 17 > Part 3 - Contributions

• Compensation: includes :
            (1)(b)(i) performance-based bonuses;
            (1)(b)(ii) cost-of-living adjustments;
            (1)(b)(iii) payments subject to Social Security deductions;
            (1)(b)(iv) any payments in excess of the maximum amount subject to deduction under Social Security law;
            (1)(b)(v) amounts which the member authorizes to be deducted or reduced for salary deferral or other benefits authorized by federal law; and
            (1)(b)(vi) member contributions. See Utah Code 49-17-102
• Contributions: means the total amount paid by the participating employer and the member into a system or to the Utah Governors' and Legislators' Retirement Plan under Chapter 19, Utah Governors' and Legislators' Retirement Act. See Utah Code 49-11-102
• Employer: means any department, educational institution, or political subdivision of the state eligible to participate in a government-sponsored retirement system under federal law. See Utah Code 49-11-102
• Member: means a person, except a retiree, with contributions on deposit with a system, the Utah Governors' and Legislators' Retirement Plan under Chapter 19, Utah Governors' and Legislators' Retirement Act, or with a terminated system. See Utah Code 49-11-102
• Member contributions: means the sum of the contributions paid to a system or the Utah Governors' and Legislators' Retirement Plan, including refund interest if allowed by a system, and which are made by:
       (32)(a) the member; and
       (32)(b) the participating employer on the member's behalf under Section 414(h) of the Internal Revenue Code. See Utah Code 49-11-102
• Office: means the Utah State Retirement Office. See Utah Code 49-11-102
• Participating employer: means the state. See Utah Code 49-17-102
• Refund interest: means the amount accrued on member contributions at a rate adopted by the board. See Utah Code 49-11-102
• Retirement: means the status of an individual who has become eligible, applies for, and is entitled to receive an allowance under this title. See Utah Code 49-11-102
• System: means the Judges' Contributory Retirement System created under this chapter. See Utah Code 49-17-102