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Utah State Retirement and Insurance Benefit Act | |
Utah State Retirement Systems Administration | |
Section 503 | Rate of interest on redeposits, adjustments, and delinquent payments. |
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49-11-503. Rate of interest on redeposits, adjustments, and delinquent payments. The rate of interest charged on redeposits of refunds, adjustments, or delinquent payments is the greater of: (1) the interest rate as determined under a formula approved by the board; or (2) the actuarial interest rate as of the preceding June 30.
Amended by Chapter 240, 2003 General Session |
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