Utah § 49-15-301 - Contributions -- Two divisions -- Subdivisions.

Full text of Utah Utah Code § 49-15-301 — Contributions -- Two divisions -- Subdivisions., with citation guidance and answers to common questions.

§ 49-15-301. Contributions -- Two divisions -- Subdivisions.

49-15-301.  Contributions -- Two divisions -- Subdivisions.
(1) Participating employers shall pay the certified contribution rates to the office to maintain this system on a financially and actuarially sound basis.
(2) For purposes of determining contribution rates, this system is divided into two divisions according to Social Security coverage:
(a) members of this system with on-the-job Social Security coverage are Division A; and
(b) members of this system without on-the-job Social Security coverage are in Division B.
(3) In addition to the divisions under Subsection (2) and for the purposes of determining contribution rates, each division under Subsection (2) is further divided as follows:
(a) members of this system with an annual cost-of-living adjustment under Subsection 49-15-403(2)(b) are in Divisions A1 and B1; and
(b) members of this system with an annual cost-of-living adjustment under Subsection 49-15-403(2)(a) are in Divisions A2 and B2.
(4) Contribution rates for a participating employer may be different than for other participating employers based on the participating employer's current funding status and actuarial experience.


Amended by Chapter 227, 2008 General Session

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Frequently Asked Questions About Utah § 49-15-301

What does Utah Code § 49-15-301 cover?

Section 49-15-301 ("Contributions -- Two divisions -- Subdivisions.") 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 § 49-15-301?

A common citation format is "Utah Code § 49-15-301" (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.

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