19-50-205. reserved
19-50-205 reserved.
19-21-202. Effect on rights under teachers’ retirement system
19-21-202. Effect on rights under teachers’ retirement system. (1) An election under 19-21-201 to participate in the program is a waiver of all rights and benefits under the teachers’ retirement system except as provided in this section. (2) A member of the teachers’ retirement system who elects to participate in the program is considered, for the purpose […]
19-21-203. Contributions — supplemental contributions
19-21-203. Contributions — supplemental contributions. The following provisions apply to program participants not otherwise covered under 19-21-214: (1) (a) Each program participant shall contribute an amount equal to the member’s contribution required under 19-20-602. (b) (i) Each month, the board of regents shall calculate an amount equal to 1% of each participant’s earned compensation and total the amounts calculated. (ii) The […]
19-21-204. through 19-21-210 reserved
19-21-204 through 19-21-210 reserved.
19-21-211. Payment of benefits
19-21-211. Payment of benefits. A retirement, death, or other benefit may not be paid by the state or the board of regents under the university system retirement program. Benefits are payable to a participant and the participant’s beneficiaries only by the designated company or companies in accordance with the terms of the contracts. History: En. Sec. 7, […]
19-21-212. Exemption from taxation, legal process, and assessments
19-21-212. (Temporary) Exemption from taxation, legal process, and assessments. Except for execution or withholding for the payment of child support or for the payment of spousal support for a spouse or former spouse who is the custodial parent of the child, contracts, benefits, and contributions under the university system retirement program and the earnings on the […]
19-21-213. Participation by employees in positions covered by public employees’ retirement system
19-21-213. Participation by employees in positions covered by public employees’ retirement system. Subject to and as provided in 19-3-2112, a university system employee in a position covered under the public employees’ retirement system may elect to participate in the program. History: En. Sec. 34, Ch. 490, L. 2001.
19-21-103. Duties of board of regents
19-21-103. Duties of board of regents. The board of regents shall: (1) act as fiduciaries of the program and exercise its fiduciary authority in the same manner that would be used by a prudent person acting in the same capacity who is familiar with the circumstances and in an enterprise of a similar character with similar aims; […]
19-21-104. through 19-21-110 reserved
19-21-104 through 19-21-110 reserved.
19-21-111. Repealed
19-21-111. Repealed. Sec. 3, Ch. 419, L. 1997. History: En. Sec. 9, Ch. 494, L. 1987; amd. Sec. 1, Ch. 365, L. 1991; amd. Sec. 2, Ch. 178, L. 1993.