49-16-104 - Creation of trust fund.
49-16-104. Creation of trust fund.
(1) There is created the "Firefighters' Retirement Trust Fund" for the purpose of payingthe benefits and costs of administering this system.
(2) The fund shall consist of all money and assets transferred to it from any terminatedsystem, all money paid into it, including interest, in accordance with this chapter, whether in theform of cash, securities, or other assets, and of all money received from any other source.
(3) The custody, management, and investment of the fund shall be governed by Chapter11, Utah State Retirement Systems Administration.
Renumbered and Amended by Chapter 250, 2002 General Session