Purpose -- Liberal construction.

1. Law
2. Utah Code
3. Utah State Retirement and Insurance Benefit Act
4. Utah State Retirement Systems Administration
5. General Provisions
6. Purpose -- Liberal construction.

• (1) The purpose of this title is to establish:
  • (a) retirement systems and the Utah Governors' and Legislators' Retirement Plan for members which provide:
    • (i) a uniform system of membership;
    • (ii) retirement requirements;
    • (iii) benefits for members;
    • (iv) funding on an actuarially sound basis;
    • (v) contributions; and
    • (vi) economy and efficiency in public service; and
  • (b) a central administrative office and a board to administer the various systems, plans, and programs established by the Legislature or the board.

• (2) This title shall be liberally construed to provide maximum benefits and protections consistent with sound fiduciary and actuarial principles.

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