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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 10-3-1107

A municipality may adopt a plan to give eligible persons a cost-of-living adjustment in monthly retirement allowances.

Source excerpt

index-based adjustmentmunicipal governanceretirement allowance adjustmentsretirement allowance administration
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

Purpose and legislative effect

“A municipality may adopt a plan to give eligible persons a cost-of-living adjustment in monthly retirement allowances.”

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Subsection 10-3-1107(1)(a)

A municipality’s governing body may choose to adopt a plan allowing eligible persons under this part to receive a cost-of-living adjustment in monthly retirement allowance.

Section 10-3-1107(1)(a)

Subsection 10-3-1107(2)

The amount necessary to restore the full purchasing power of the original unmodified pension allowance shall be computed from the consumers price index published by the United States Bureau of Labor Statistics.

Section 10-3-1107(2)

Subsection 10-3-1107(3)

A municipality may choose to pay any percentage up to the maximum amount, if the percentage is paid equally to all qualified persons.

Section 10-3-1107(3)

Subsection 10-3-1107(3)(b)

A municipality may pay up to the maximum amount if the percentage is paid equally to all qualified persons.

Section 10-3-1107(3)(b)

04

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Source record from le.utah.gov · Legal dates not recorded

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Showing 8 of 8 provisions

Provision 8

Part 10-3-11

part 10-3-11 Personnel Rules and Benefits

§ 10-3-1107Cost of living adjustment -- Price index used.Provision

Source excerpt

A municipality may adopt a plan to give eligible persons a cost-of-living adjustment in monthly retirement allowances.

Cost of living adjustment -- Price index used. The governing body of each municipality may, in their discretion, adopt a plan to allow any person who qualifies under this part to receive a cost of living adjustment in that person's monthly retirement allowance. The adjustment allowed shall be a percentage, not to exceed 100%, of the sum as would restore the full purchasing power of each person's original unmodified pension allowance as it was in the calendar year in which the retirement giving rise to the pension occurred. The amount necessary to restore the full purchasing power of the original unmodified pension allowance shall be computed from the consumers price index published by the United States Bureau of Labor Statistics. Adjustments may be effective as of July 1, 1977, or at any subsequent date set by the governing body. A municipality may choose to pay any per cent to the maximum amount provided that such percentage be paid to all qualified persons equally.
Section 10-3-1107Verify source
§ 10-3-1107(1)Subsection 10-3-1107(1)Provision

Source excerpt

A municipality’s governing body may choose to adopt a plan that gives qualifying persons a cost-of-living adjustment in their monthly retirement allowance.

The governing body of each municipality may, in their discretion, adopt a plan to allow any person who qualifies under this part to receive a cost of living adjustment in that person's monthly retirement allowance. The adjustment allowed shall be a percentage, not to exceed 100%, of the sum as would restore the full purchasing power of each person's original unmodified pension allowance as it was in the calendar year in which the retirement giving rise to the pension occurred.
Section 10-3-1107(1)Verify source
§ 10-3-1107(1)(a)Subsection 10-3-1107(1)(a)Provision

Source excerpt

A municipality’s governing body may choose to adopt a plan allowing eligible persons under this part to receive a cost-of-living adjustment in monthly retirement allowance.

The governing body of each municipality may, in their discretion, adopt a plan to allow any person who qualifies under this part to receive a cost of living adjustment in that person's monthly retirement allowance.
Section 10-3-1107(1)(a)Verify source
§ 10-3-1107(1)(b)Subsection 10-3-1107(1)(b)Provision

Source excerpt

The allowed adjustment is a percentage that cannot exceed 100% and is tied to restoring full purchasing power.

The adjustment allowed shall be a percentage, not to exceed 100%, of the sum as would restore the full purchasing power of each person's original unmodified pension allowance as it was in the calendar year in which the retirement giving rise to the pension occurred.
Section 10-3-1107(1)(b)Verify source
§ 10-3-1107(2)Subsection 10-3-1107(2)Provision

Source excerpt

The amount necessary to restore the full purchasing power of the original unmodified pension allowance shall be computed from the consumers price index published by the United States Bureau of Labor Statistics.

The amount necessary to restore the full purchasing power of the original unmodified pension allowance shall be computed from the consumers price index published by the United States Bureau of Labor Statistics.
Section 10-3-1107(2)Verify source
§ 10-3-1107(3)Subsection 10-3-1107(3)Provision

Source excerpt

A municipality may choose to pay any percentage up to the maximum amount, if the percentage is paid equally to all qualified persons.

Adjustments may be effective as of July 1, 1977, or at any subsequent date set by the governing body. A municipality may choose to pay any per cent to the maximum amount provided that such percentage be paid to all qualified persons equally.
Section 10-3-1107(3)Verify source
§ 10-3-1107(3)(a)Subsection 10-3-1107(3)(a)Provision

Source excerpt

Adjustments may take effect on July 1, 1977, or on a later date set by the governing body.

Adjustments may be effective as of July 1, 1977, or at any subsequent date set by the governing body.
Section 10-3-1107(3)(a)Verify source
§ 10-3-1107(3)(b)Subsection 10-3-1107(3)(b)Provision

Source excerpt

A municipality may pay up to the maximum amount if the percentage is paid equally to all qualified persons.

A municipality may choose to pay any per cent to the maximum amount provided that such percentage be paid to all qualified persons equally.
Section 10-3-1107(3)(b)Verify source

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