49-20-104 - Creation of fund.
49-20-104. Creation of fund.
(1) There is created the "Public Employees' Trust Fund" for the purpose of paying thebenefits and the costs of administering this program.
(2) The fund shall consist of all money and interest paid into it in accordance with thischapter, whether in the form of cash, securities, or other assets, and of all money received fromany 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