Utah § 49-22-306 - Allowance payable by lump-sum payment.
Full text of Utah Utah Code § 49-22-306 — Allowance payable by lump-sum payment., with citation guidance and answers to common questions.
§ 49-22-306. Allowance payable by lump-sum payment.
| (1) | If a retiree's allowance, as computed under this chapter, amounts to $25 or less, the allowance may be settled by the office by making a lump-sum payment of an amount actuarially equivalent to the allowance. |
| (2) | A payment made under this section constitutes a full and complete settlement of the retiree's claim against this system. |
Enacted by Chapter 266, 2010 General Session
Frequently Asked Questions About Utah § 49-22-306
What does Utah Code § 49-22-306 cover?
Section 49-22-306 ("Allowance payable by lump-sum payment.") 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 § 49-22-306?
A common citation format is "Utah Code § 49-22-306" (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 § 49-22-306 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.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.