UTAH CODE (Last Updated: January 16, 2015) |
Title 49. Utah State Retirement and Insurance Benefit Act |
Chapter 19. Utah Governors' and Legislators' Retirement Act |
Part 4. Defined Benefit |
§ 49-19-404. Annual adjustment.
Latest version.
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(1) The office shall make an annual cost-of-living adjustment to: (a) an original allowance paid under Section 49-19-402 and Part 5, Death Benefit, of this chapter if the benefit has been paid for at least one year; (b) an original payment made to an alternate payee under a domestic relations order, if the payment is to be paid as a percentage of the allowance rather than a specific dollar amount; and (c) the base retirement amount for governors and legislators under Section 49-19-402. (3) The Consumer Price Index used in calculating adjustments shall be a United States Bureau of Labor Statistics Consumer Price Index average as determined by the board. (4) The cost-of-living adjustment made under this section may not decrease the allowance.
Enacted by Chapter 250, 2002 General Session