Terms Used In Utah Code 49-22-204

• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Annuity: means monthly payments derived from member contributions. See Utah Code 49-11-102
• Board: means the Utah State Retirement Board established under Section 49-11-202. See Utah Code 49-11-102
• Contract: A legal written agreement that becomes binding when signed.
• Institution of higher education: means an institution described in Section 53B-1-102. See Utah Code 49-11-102
• Person: means :
       (24)(a) an individual;
       (24)(b) an association;
       (24)(c) an institution;
       (24)(d) a corporation;
       (24)(e) a company;
       (24)(f) a trust;
       (24)(g) a limited liability company;
       (24)(h) a partnership;
       (24)(i) a political subdivision;
       (24)(j) a government office, department, division, bureau, or other body of government; and
       (24)(k) any other organization or entity. See Utah Code 68-3-12.5
• Plan: means the Utah Governors' and Legislators' Retirement Plan created by Chapter 19, Utah Governors' and Legislators' Retirement Act, the New Public Employees' Tier II Defined Contribution Plan created by Chapter 22, Part 4, Tier II Defined Contribution Plan, the New Public Safety and Firefighter Tier II Defined Contribution Plan created by Chapter 23, Part 4, Tier II Defined Contribution Plan, or the defined contribution plans created under Section 49-11-801. See Utah Code 49-11-102
• Regular full-time employee: includes :
            (6)(b)(i) a teacher whose term of employment for a participating employer contemplates continued employment during a school year and who teaches half time or more;
            (6)(b)(ii) a classified school employee:

                 (6)(b)(ii)(A) who is hired before July 1, 2013; and

                 (6)(b)(ii)(B) whose employment normally requires an average of 20 hours per week or more for a participating employer, regardless of benefits provided;
            (6)(b)(iii) an appointive officer whose appointed position is full time as certified by the participating employer;
            (6)(b)(iv) the governor, the lieutenant governor, the state auditor, the state treasurer, the attorney general, and a state legislator;
            (6)(b)(v) an elected official not included under Subsection (6)(b)(iv) whose elected position is full time as certified by the participating employer;
            (6)(b)(vi) a faculty member or employee of an institution of higher education who is considered full time by that institution of higher education; and
            (6)(b)(vii) an individual who otherwise meets the definition of this Subsection (6) who performs services for a participating employer through a professional employer organization or similar arrangement. See Utah Code 49-22-102
• 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
• Service credit: means :
       (50)(a) the period during which an employee is employed and compensated by a participating employer and meets the eligibility requirements for membership in a system or the Utah Governors' and Legislators' Retirement Plan, provided that any required contributions are paid to the office; and
       (50)(b) periods of time otherwise purchasable under this title. See Utah Code 49-11-102
• System: means the New Public Employees' Tier II Contributory Retirement System created under this chapter. See Utah Code 49-22-102
• Technical college: means the same as that term is defined in Section Utah Code 49-11-102
• Utah Board of Higher Education: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 49-11-102