49-13-104 - Creation of trust fund.
49-13-104. Creation of trust fund.
(1) There is created the "Public Employees' Noncontributory Retirement Trust Fund" forthe purpose of paying the benefits and costs of administering this system.
(2) The fund shall consist of all money paid into it, including interest, in accordance withthis chapter, whether in the form of cash, securities, or other assets, and of all money receivedfrom any other source.
(3) Custody, management, and investment of the fund shall be governed by Chapter 11,Utah State Retirement Systems Administration.
Renumbered and Amended by Chapter 250, 2002 General Session