Utah Code > Title 49 > Chapter 11 > Part 2 – Retirement Office and Board


§ 49-11-201	Establishment of retirement office — An independent state agency — Office exemption
§ 49-11-202	Establishment of Utah State Retirement Board — Quorum — Terms — Officers — Expenses and per diem
§ 49-11-203	Powers and duties of board
§ 49-11-204	Powers and duties of executive director
§ 49-11-205	Membership Council established — Members — Chair — Duties — Expenses and per diem

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Terms Used In Utah Code > Title 49 > Chapter 11 > Part 2 - Retirement Office and Board

Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
Agency: means :
          (4)(a)(i) a department, division, agency, office, authority, commission, board, institution, or hospital of the state;
          (4)(a)(ii) a county, municipality, school district, special district, or special service district;
          (4)(a)(iii) a state college or university; or
          (4)(a)(iv) any other participating employer. See Utah Code 49-11-102
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Board: means the Utah State Retirement Board established under Section 49-11-202. See Utah Code 49-11-102
Board member: means a person serving on the Utah State Retirement Board as established under Section 49-11-202. See Utah Code 49-11-102
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
Council member: means a person serving on the Membership Council established under Section 49-11-205. 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
Fiduciary: A trustee, executor, or administrator.
Fund: means any fund created under this title for the purpose of paying benefits or costs of administering a system, plan, or program. See Utah Code 49-11-102
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
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
Office: means the Utah State Retirement Office. See Utah Code 49-11-102
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
Program: means the Public Employees' Insurance Program created under Chapter 20, Public Employees' Benefit and Insurance Program Act, or the Public Employees' Long-Term Disability program created under Chapter 21, Public Employees' Long-Term Disability Act. See Utah Code 49-11-102
Proxy voting: The practice of allowing a legislator to cast a vote in committee for an absent legislator.
Quorum: The number of legislators that must be present to do business.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Retiree: means an individual who has qualified for an allowance under this title. 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
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
Subpoena: A command to a witness to appear and give testimony.
System: means the individual retirement systems created by Chapter 12, Public Employees' Contributory Retirement Act, Chapter 13, Public Employees' Noncontributory Retirement Act, Chapter 14, Public Safety Contributory Retirement Act, Chapter 15, Public Safety Noncontributory Retirement Act, Chapter 16, Firefighters' Retirement Act, Chapter 17, Judges' Contributory Retirement Act, Chapter 18, Judges' Noncontributory Retirement Act, and Chapter 19, Utah Governors' and Legislators' Retirement Act, the defined benefit portion of the Tier II Hybrid Retirement System under Chapter 22, Part 3, Tier II Hybrid Retirement System, and the defined benefit portion of the Tier II Hybrid Retirement System under Chapter 23, Part 3, Tier II Hybrid Retirement System. See Utah Code 49-11-102
Tier II: includes :
          (55)(b)(i) the Tier II hybrid system established under:
               (55)(b)(i)(A) Chapter 22, Part 3, Tier II Hybrid Retirement System; or
               (55)(b)(i)(B) Chapter 23, Part 3, Tier II Hybrid Retirement System; and
          (55)(b)(ii) the Tier II Defined Contribution Plan (Tier II DC Plan) established under:
               (55)(b)(ii)(A) Chapter 22, Part 4, Tier II Defined Contribution Plan; or
               (55)(b)(ii)(B) Chapter 23, Part 4, Tier II Defined Contribution Plan. See Utah Code 49-11-102