UTAH CODE (Last Updated: January 16, 2015) |
Title 49. Utah State Retirement and Insurance Benefit Act |
Chapter 21. Public Employees' Long-Term Disability Act |
Part 3. Contributions |
§ 49-21-301. Contributions to fund program -- Adjustment of premium rate.
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(1) During each legislative session, the board shall certify to the Legislature the employer paid premium rate expressed as a percentage of salary which is required to fund the Public Employees' Long-Term Disability Trust Fund. (2) Upon the board's recommendation, the Legislature shall adjust the premium rate to maintain adequate funding for the Public Employees' Long-Term Disability Trust Fund.
Renumbered and Amended by Chapter 250, 2002 General Session