Section 301 – Investment of State Post-Retirement Benefits Trust Fund.
67-19d-301. Investment of State Post-Retirement Benefits Trust Fund. (1) The state treasurer shall invest the assets of the State Post-Retirement Benefits Trust Fund created under Section 67-19d-201 and the Elected Official Post-Retirement Benefits Trust Fund created under Section 67-19d-201.5 with the primary goal of providing for the stability, income, and growth of the principal. (2) […]
Section 302 – State treasurer to follow “prudent investor” rule — Standard of care.
67-19d-302. State treasurer to follow “prudent investor” rule — Standard of care. (1) The state treasurer shall invest and manage the trust fund assets as a prudent investor would, by: (a) considering the purposes, terms, distribution requirements, and other circumstances of the trust fund; and (b) exercising reasonable care, skill, and caution in order to […]
Section 201.5 – Elected Official Post-Retirement Benefits Trust Fund — Creation — Oversight — Dissolution.
67-19d-201.5. Elected Official Post-Retirement Benefits Trust Fund — Creation — Oversight — Dissolution. (1) There is created the “Elected Official Post-Retirement Benefits Trust Fund.” (2) The Elected Official Post-Retirement Benefits Trust Fund consists of: (a) appropriations made to the fund by the Legislature for the purpose of funding the post-retirement benefits in Section 49-20-404; (b) […]
Section 202 – Board of trustees of the State Post-Retirement Benefits Trust Fund and the Elected Official Post-Retirement Benefits Trust Fund.
Effective 7/1/2021 67-19d-202. Board of trustees of the State Post-Retirement Benefits Trust Fund and the Elected Official Post-Retirement Benefits Trust Fund. (1) (a) There is created a board of trustees of the State Post-Retirement Benefits Trust Fund and the Elected Official Post-Retirement Benefits Trust Fund composed of three members: (i) the state treasurer or designee; […]
Section 201 – Trust fund — Creation — Oversight — Dissolution.
Effective 7/1/2021 67-19d-201. Trust fund — Creation — Oversight — Dissolution. (1) There is created a post-retirement benefits trust fund entitled the “State Post-Retirement Benefits Trust Fund.” (2) The trust fund consists of: (a) revenue provided from an ongoing labor additive as defined in Subsection 67-19d-202(2)(g); (b) appropriations made to the fund by the Legislature, […]