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Utah Code § 49-23-305

Allowance payable by lump-sum payment

Utah · Utah Code Title 49 — Utah State Retirement and Insurance Benefit Act · Status: effective

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Utah Code § 49-23-305, Allowance payable by lump-sum payment, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2338237
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(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.