Establishment of retirement office -- An independent state agency -- Office exemption.
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(1)
(a) There is established the Utah State Retirement Office, which may also be known and function as the Utah State Retirement Systems or the Utah Retirement Systems.
(b) The office shall administer the systems, plans, and programs and perform all other functions assigned to it under this title.
(2)
(a) The office is an independent state agency.
(b) It is subject to legislative and executive department budgetary review and comment.
(3) The office may establish branch offices upon approval of the board.
(4) The board and office are exempt from those acts which are applicable to state and other governmental entities under this code.