Utah Code § 49-11-503
Rate of interest on redeposits, adjustments, and delinquent payments
Utah · Utah Code Title 49 — Utah State Retirement and Insurance Benefit Act · Status: effective
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- Citation
- Utah Code § 49-11-503, Rate of interest on redeposits, adjustments, and delinquent payments, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2337857
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Full text
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.