Utah § 49-11-202 - Establishment of Utah State Retirement Board -- Quorum -- Terms -- Officers -- Expenses and per diem.
Full text of Utah Utah Code § 49-11-202 — Establishment of Utah State Retirement Board -- Quorum -- Terms -- Officers -- Expenses and per diem., with citation guidance and answers to common questions.
§ 49-11-202. Establishment of Utah State Retirement Board -- Quorum -- Terms -- Officers -- Expenses and per diem.
Effective 5/12/2020 49-11-202.
Establishment of Utah State Retirement Board -- Quorum -- Terms -- Officers -- Expenses and per diem.
(1)
There is established the Utah State Retirement Board composed of seven board members determined as follows:
(a)
Four board members, with experience in investments or banking, shall be appointed by the governor from the general public.
(b)
One board member shall be a school employee appointed by the governor from at least three nominations submitted by the governing board of the school employees' association that is representative of a majority of the school employees who are members of a system administered by the board.
(c)
One board member shall be a public employee appointed by the governor from at least three nominations submitted by the governing board of the public employee association that is representative of a majority of the public employees who are members of a system administered by the board.
(d)
One board member shall be the state treasurer.
(2)
Four board members constitute a quorum for the transaction of business.
(3)
(a)
All appointments to the board shall be made on a nonpartisan basis, with the advice and consent of the Senate.
(b)
Board members shall serve until their successors are appointed and take the constitutional oath of office.
(c)
When a vacancy occurs on the board for any reason, the replacement shall be appointed for the unexpired term.
(4)
(a)
Except as required by Subsection (4)(b), all appointed board members shall serve for four-year terms.
(b)
Notwithstanding the requirements of Subsection (4)(a), the governor shall, at the time of appointment or reappointment, adjust the length of terms to ensure that the terms of board members are staggered so that:
(i)
approximately half of the board is appointed every two years; and
(ii)
no more than two of the board members appointed under Subsection (1)(a) are appointed every two years.
(c)
A board member who is appointed as a school employee or as a public employee who retires or who is no longer employed with a participating employer shall immediately resign from the board.
(5)
(a)
Each year the board shall elect a president and vice president from its membership.
(b)
A board member may not receive compensation or benefits for the board member's service, but may receive per diem and travel expenses in accordance with:
Section 49-11-202 ("Establishment of Utah State Retirement Board -- Quorum -- Terms -- Officers -- Expenses and per diem.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 49-11-202?
A common citation format is "Utah Code § 49-11-202" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 49-11-202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
