Tier 1 Firefighters' Retirement System Highlights - West Valley City

Tier 1

FIREFIGHTERS

Utah Retirement Systems

Firefighters

Retirement System

Highlights

2013Effective July 1, 2013

Welcome to the Firefighters

Retirement System!

The

FIREFIGHTERSRetirement System is a defined

benefit retirement plan under

Utah Retirement Systems (URS)

intended to provide a meaningful

retirement benefit to the employees

who have chosen a career

in public service. It is a qualified

tax-deferred plan under

Internal Revenue Code Section 401(a).

The laws that govern this

retirement system are set forth

in Utah Code Title 49.

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Where to Find It

18 Address Changes 19 Administrative Information 19 BeneficiaryDesignations 13 BenefitFormula 18 Cost-of-LivingIncreases 10 DeathBenefits 3 DefinedBenefitAnnual Retirement Statement 18 DirectDeposit 8 DisabilityBenefits 18 HealthInsurance 18 LostorMisplacedChecks 2 MembershipEligibility 16 PartialLump-SumOption(PLSO) 7 PaymentOptionsforPurchasing orReinstatingService 3 Refunds 5 Reinstating Withdrawn Contributions 17 RequiredMinimumDistribution 13 RetirementQualifications 18 ReturningtoWorkAfterRetirement 14 ServiceinOtherUtah RetirementSystems 5 ServicePurchase 14 StepstoRetirement 17 Taxes 16 URSSavingsPlans (401(k),457,IRAs)

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Defined Benefit Annual Retirement Statement

URS Defined Benefit (pension) Annual Retirement Statementsreflectsalary,contributionspaidbyyouand/oryouremployeronyourbehalf,servicecredit,anddesignatedbeneficiaries.Statementsaremailedtoyourhomeaddressandarealsoavailableonline.Gotowww.urs.organdlogintomyURS.

Refunds

IfyouterminateallURS-coveredemployment,youmayrequestarefundofyourmembercontributions.Ifyouelecttotakearefund,youforfeit

servicecreditfortheperiodscoveredbyyourmembercontributions.Yourrefundwillbeprocessedafter60days

fromthelastdateofthepayperiodforwhichcontributionswerepaid.

You are not eligible for a refund under the following conditions: lYoutransferfromoneparticipatingemployerunderURStoanother.

lYouterminateyouremploymentwith oneparticipatingemployerandyouaresubsequentlyrehiredbythesameoradifferentparticipatingemployer,eventhoughtheremaybeabreakinservice.

lYouterminateemployment,applyfor arefund,andsubsequentlyacceptemploymentwithanotherparticipatingemployerbeforethedisbursementofyourrefundpayment.

Membership Eligibility

Youqualifyformembershipifyouinitiallybeganfull-timeemploymentpriortoJuly1,2011,andyouremploymentnormallyrequiresanaverageof2,080hoursofregularlyscheduledemploymentperyearinaregularlyconstitutedfiredepartment.Youmustbetrainedinfirefightertechniquesandbeassignedtoapositionofhazardousduty.Ifyouhavenotbeentrainedinfirefighter

techniquesoryouarenotassignedtoapositionofhazardousduty,youwillbeenrolledineitherthePublicEmployeesContributoryorNoncontributoryRetirementSystemaslongasyoumeeteligibilityrequirements.Volunteerfirefightersdonotcontribute

tothesystemandarenoteligibleforserviceretirementbenefits.However,iftheyaredisabledorkilledinthelineofdutyandareontherollsofalegallyorganizedvolunteerfiredepartment,whichprovidesongoingtrainingandservesapoliticalsubdivisionofthestate,theyortheirbeneficiariesareeligibleforbenefitsprovidedforfirefightersenrolledinDivisionA.Benefitsarebaseduponthelowestmonthlysalaryoffirefightersinafirst-classcityinthisstate.

Employees who may exempt from retirement coverage by filing a URS exemption form with our office: Firefighterserviceemployeesservingas

chiefsofanyfiredepartmentordistrictmay beexcludedfromretirementcoverage.Anexemptionformmustbefiledwithourofficebefore the date of exemption.

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Reinstating Withdrawn Contributions

Aslongasyouhaveanexistingrecordofeligible,nonforfeited,servicecreditwithouroffice,youoryouremployermayreinstateeligibleserviceyoupreviouslywithdrew.Thecosttoreinstateyouraccountistheamountyouwithdrewplusinterestfromthedateofwithdrawaltothedateofrepayment.Theentireamountofwithdrawncontributions plusinterestmaybepaidinalump-sumor byinstallmentpaymentsthroughpayrolldeduction.Thereinstatementmustbecompletedbeforeyourretirementdate.Also,thereinstatementmustbecreditedtoyouraccountfouryearsbeforequalifyingforanon-line-of-dutydisabilitybenefit.Reinstatingeligibleservicemayqualifyyouforanearlierretirementand/orincreaseyourmonthlybenefit.SeethesectionmarkedPayment

Options (page7)forreinstatingwithdrawncontributions.

Service Purchase

Ifyouareanactivemember,haveanexistingrecordoffourormoreyearsofeligibleservicecreditwithouroffice,andtheservicecredityouintendtopurchasehasbeenforfeitedunderanyotherretirementsystem orplan,youoryouremployermaypurchasethefollowing:lActivefull-timeUnitedStatesmilitaryserviceifitdoesnototherwisequalifyforservicecreditunderasystemadministeredbyURS.

OR

lYouareonaleaveofabsencefromanypositioncoveredbythissystem.

lYouareofficiallyexemptfromretirementcoverageasafirechief.If you have exempted from retirement coverage,

you may request a direct rollover of member contributions, if applicable, to a qualified defined contribution plan.

A Word of Caution — refundsaresubjectto:—A20%federalincometaxwithholding ontheeligibleportionofyourdistribution,unlessyoumakeadirectrollovertoa401(k)orothereligibleplan.

—Utahstateincometax.—PossibletaxesofthestatewhereyouresideifotherthanUtah.

—A10%earlywithdrawalpenaltyiftakenbeforeage59½.

Ifyouareaqualifiedpublicsafetyemployee whoseparatedfromserviceafterage50,youaren’tsubjecttothe10%earlywithdrawaltaximposedbytheIRS.Aqualified public safety employeeprovidespoliceprotection,firefightingoremergencymedicalserviceswithinthejurisdictionoftheemployingstateorpoliticalsubdivision.

Note: You do not lose service credit if you withdraw your URS Savings Plans (401(k), 457, IRAs) balances. For more information regarding the 401(k) plan, 457 plan, and IRAs please see the section marked URS Savings Plans.

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Toqualifyforapurchase,servicecredityouearnedinotherpublicemploymentoutside ofURScoveragemustmeettheminimumqualificationsofthesystemyou’reinatthetimeofpurchase.Underthissystem,aminimumof2,080hoursofworkperyearisrequired.Purchasedservicecreditcannotbeusedto

qualifyforadisabilitybenefit.Fordetailedinformationonthetypes

ofserviceyoumaypurchase,refertothePurchasing Service Creditbrochureavailableonourwebsiteandfromouroffice.Seethefollowingsection,Payment Options,

formakingapurchase.

Payment Options

Youmayreinstateeligibleserviceyoupreviouslywithdreworpurchaseserviceaccordingtooneofthefollowingoptions:1.)Lump-sum paymentmadeanytimebeforeyoureffectivedateofretirementsetwithouroffice.

2.)Payroll deduction(withyouremployer’sapproval)mustbecompletedbeforeyoureffectivedateofretirementandwithin60monthsofyourfirstpayment.

3.)Direct rolloveryouarrangefromyour401(k)orotherqualifiedplan,orfromaneligibleplansuchasa403(b),457,orconduitIRA.

4.)Payment made by your employermustbereceivedbyourofficenolaterthanthedaybeforeyourretirementdate.

Allpaymentsmustbereceivedbeforeyourdateofretirementsetwithouroffice.

lAnyportionofthefollowingqualifiedserviceiftheservicehasbeenforfeitedunderanyotherretirementsystemorplan.Thisincludes:1.)ForfeitedUnitedStatesfederalemployment,

2.)ForfeitedprivateschoolemploymentbasedintheUnitedStates,ifyoureceivedanemployer-paidretirementbenefitfortheemployment,

3.)ForfeitedpublicemploymentinanotherstateorterritoryoftheUnitedStatesthatqualifiedyouformembershipinthepublicplanorsystemcoveringtheemployment,

4.)Forfeitedpublicserviceinthisstate,5.)Full-timepublicemploymentwhileonanapprovedleaveofabsence,

6.)Exemptservice,7.)Worker’scompensation,long-termandshort-termdisabilitybenefitperiodsforwhichyouwerepaidandnobenefitprotectioncontractexisted,

8.)EmploymentcoveredbytheTeachersInsuranceandAnnuityAssociationofAmerica(TIAA)retirementplanifyouforfeitanyretirementbenefitfromthatplanfortheperiodofemploymentto bepurchased,or

9.)ForfeitedUtahCharterSchoolemployment.

Thepurchasemustbecreditedtothesystemunderwhichyouarecurrentlycoveredandbecompletedbeforeyourretirementdatesetwithouroffice.

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—Youareage64-65,benefitswillbepayablefor3years.


—Youareage69orolder,benefitswillbepayablefor1year.

Youwillreceivefirefighterservicecreditduringyourperiodofdisability.Aline-of-dutydisabilityretirementisnottaxableuntilyourbenefitisconvertedtoaserviceretirement.Yourdisabilitybenefitwillconverttoaserviceretirementwhenyourdisabilitybenefitterminates.Ifyouareemployedwithanother

participatingemployerduringtheperiodofdisability,youcannotreceiveservicecreditforthatemployment.Ifyouretireondisabilityandaccept

employment,youarerequiredtofileaswornstatementwithourofficeeachyearregardingyourgrossearningsforthefirstfiveyearsofreceivingdisabilitybenefits.Ifyourbenefitandgrossearningscombinedexceed125%ofthefinalaveragesalaryusedtodetermineyourdisabilitybenefit,yourbenefitwillbeoffsetthefollowingyear.Yourdisabilitybenefitwillbesuspendedwhileyouarereceivingworker’scompensationbenefits.EffectiveJan.1,2002,aline-of-duty

disabilityisexemptfromtaxationtotheextentpermittedunderfederallaw.

Exception: If you become disabled, any reinstated service must be credited in this system four years before qualifying for a disability benefit. Forspecificinformationaboutpurchases,

contactourDefinedBenefitRetirementDepartmentat801-366-7770or800-695-4877.

Disability Benefits

Ifyouareanactivememberofthissystemandyouareunabletoperformfirefighterserviceduetoaphysicalormentalconditionthatisclassifiedbyourofficeasaline-of-dutydisability,yourmonthlyretirementbenefitwillbe50%ofyourfinalaveragemonthlysalarywithnominimumageorservicerequirements.Ifyourdisabilityisnotinthelineofduty,

yourbenefitwillbethesameasforaline-of-dutydisabilityifyouhavefiveormoreyearsofservice.Ifyouhavelessthanfiveyears,youmaytakearefundofmembercontributions.Youwillreceiveadisabilitybenefituntilthe

earlierof:lThedateyouarenolongerdisabled;lThedateyouhaveaccumulated20yearsoffirefighterservicecredit,includingyearsearnedwhiledisabled;

OR lYouhavereceiveddisabilitybenefitsfromthissystemandasofthedateofdisability:—Youareunderage60,benefitswillbepayableuntilage65.



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Division B (Without Social Security coverage)

Non-Retired Member (Active) Ifyoudieinthelineofdutyandyouhave

lessthan20yearsoffirefighterservicecredit,yourspouse,atthetimeofdeath,willreceive alump-sumpaymentof$1,500plusamonthlybenefitof37.5%ofyourfinalaveragemonthlysalary.Eachunmarriedchildunderage21ordependentunmarriedchildwhoismentally orphysicallydisabledwillreceive$75permonth,ifyouhavefiveormoreyearsoffirefighterservicecredit.Totalmonthly benefitstoyourbeneficiariescannotexceed75%ofyourfinalaveragemonthlysalary.Ifyourdeathisclassifiedaslineofdutyand

youhave20ormoreyearsoffirefighterservicecredit,youwillbeconsideredretiredandyourspouse,atthetimeofdeath,willreceivethedeathbenefitpayableasaretiredmember.Ifyourdeathisnotinthelineofdutyand

youhadlessthanfiveyearsoffirefighterservice,yourspouse,atthetimeofdeath,willreceivearefundofmembercontributionsplus50%ofyourmostrecent12months’salary. Ifyouhavefiveormoreyearsoffirefighterservicecredit,thebenefitisthesameasfordeathinthelineofduty.

Both Divisions

Non-Retired Member (Active) Ifyoudieandleavenospouseorminor

children,yourbeneficiary(ies)willbepaida100%refundofmembercontributionsor$500,whicheverisgreater.

Death Benefits

Division A (With Social Security coverage)

Non-Retired Member (Active) Ifyoudieinthelineofdutyandyouhave

lessthan20yearsoffirefighterservicecredit,yourspouse,atthetimeofdeath,willreceive alump-sumpaymentof$1,500plusamonthlybenefitof30%ofyourfinalaveragemonthlysalary.Ifyouhave20ormoreyearsoffirefighterservicecredit,youwillbeconsideredretiredandyourspouse,atthetimeofdeath,willreceivethedeathbenefitpayableasaretiredmember.Ifyourdeathisnotinthelineofduty

andyouhavelessthan10yearsoffirefighterservicecredit,yourbeneficiary(ies)willreceivea$1,000lump-sumpaymentorarefundofmembercontributions,whicheverisgreater. Ifyouhave10ormoreyearsoffirefighterservicecredit,yourspouse,atthetimeofdeath,willreceivea$500lump-sumpaymentplusamonthlybenefitof2%ofyourfinalaveragemonthlysalaryforeachyearofserviceupto30%ofyourfinalaveragemonthlysalary.

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Retirement Qualifications

Youqualifyforamonthlyretirementbenefitifyouare:—65with4yearsofservice.—60with10yearsofservice.—Anyagewith20yearsofservice.

Benefit Formula

Toestimateyourmonthlyretirementbenefit,followthestepsbeloworgotowww.urs.organdusetheRetirement Benefit Estimate Calculator.

1.) TOTAL your three highest years of salary* $___________

2.) DIVIDE line 1 by 36, this is your final average monthly salary $___________

3.) MULTIPLY your years of service:

a. Multiply years of service through 20 by 2.5% (.025) ___________

b. Multiply years of service over 20 by 2% (0.2) ___________

4.) ADD lines 3a and 3b ___________

5.) MULTIPLY line 2 by line 4 for your TOTAL $___________

*Salaryreferstotheregular work periodcertifiedbytheemployer.Ifanyoneoftheyearsusedexceedsthepreviousyear’ssalarybymorethan10%,plusacost-of-livingadjustmentdeterminedbytheConsumerPriceIndex,theyear(s)inquestionwillbelimited.

Non-Retired Member (Inactive) Ifyouareaninactivememberwithless

than20yearsoffirefighterservicecredit, yourspouse,atthetimeofdeath,orifyou dieleavingnospouseorminorchildren,your beneficiary(ies)willreceivearefundofmembercontributionsor$500,whicheverisgreater. Ifyouareaninactivememberwith20or

moreyearsoffirefighterservicecreditwhenyoudie,yourspouse,atthetimeofdeath, willreceiveabenefitof50%oftheamountpayabletoyouhadyouretiredonthefirst ofthemonth,followingthemonth,inwhich yourdeathoccurred.

Retired Member Afteryourdeath,yourspouse,atthetimeof

death,willreceive75%ofyourmonthlybenefit. IfyouretiredunderDivisionBandyoudie

leavingunmarriedchildren,refertoDivisionB,Non-RetiredMember(Active).

Note: In order for your spouse’s benefit to be effective the first day of the month following the month of your death (the benefit effective date), your spouse must file an application with our office within 90 days of your death. If the application is received 90 days after your death, the benefit effective date will be the first day of the month following the month in which the application is received.

After your death, any money in your URS Savings Plans (401(k), 457, IRAs) will be payable to your beneficiary(ies).

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Setting a Retirement Date Youmaysetyourretirementdateforthe

firstorthe16thdayofthemonthfollowingyourlastactualworkingday.Youmustactuallyterminateemployment,fromallparticipatingemployerscoveredbyURSonorbeforeyourretirementdate.

When You’ll Receive Payment Yourretirementbenefitispaidmonthly.

Retirementchecksforthemonthofpaymentaremailedthelastworkingdayofeachmonth.Althoughyourfirstcheckmaybedelayeduptothreemonthsfollowingyoureffectiveretirementdate,theamountofyourcheckisretroactivetothedateyourretirementbegan.Thisdelayisdueinparttothetimerequiredtoreceiveandpostsalaryinformationfromyouremployerandtoreceiveverificationofyourterminationandyourservicecrediteligibility.

Filing Your Application Whenyoufileyourretirementapplication,

youneedtoprovideanoriginalorlegiblephotocopyofyourmarriagecertificateas wellasbirthcertificatesorotherproof-of-agedocumentsforyourselfandyourspouse.You may cancel or change your application anytime up to the date of your retirement.

Note: There is a three-day rescission period from the date your application is signed during which time you may elect to make a change.Formoreinformation,theSteps to

Retirementbrochureisavailableonourwebsiteandfromouroffice.

Service in Other Utah Retirement Systems

IfyouwereemployedinmorethanoneUtahRetirementSystemorURSRetirementPlanandyourserviceisnotconcurrent,youmaycombineyourservicecreditstodetermineyoureligibilitytoretirefromthesystemyouareinatthetimeofyourretirement.Theserviceyourenderinanyoneyearcannotcountformorethanoneyearofservicecredit.Yourbenefitiscomputedusingtheservicefromthesysteminwhichyoucurrentlyparticipateplusthetransferredservicethatisincreasedordecreasedtoreflectthevalueoftheassetstransferred.

Note: If your service is coming from a Public Employees’ Retirement System, and if you have less than a total of 30 years of service, and you are under age 65, an early age reduction applies.

Steps to Retirement

Get an Estimate Beforemakingthedecisiontoretire,you

cancomputeanestimateofyourpotentialbenefitbygoingtowww.urs.organdusingtheRetirementBenefitEstimateCalculator.ContactourofficeforaURS-generatedestimateifyou’replanningtoretireinthenext12months.

Once You Decide to Retire Whenyoudecidetoretire,makean

appointmentwitharetirementadvisororrequestanapplicationbymail.Yourapplicationsettingyourretirementdatemustbefiledwithourofficenotmorethan90daysbeforeorafteryourretirementdate.Yoursignatureontheapplicationmustbenotarized.

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Things to Know

Federallawrequiresyou,ifyouarenolongerworking,tobeginreceivingbenefitsonorbeforeApril1,followingtheyearyouturnage70½.Ifyouarestillworkingafterage70½youmustbeginreceivingbenefitsonorbeforeApril1,followingtheyearyouterminateemployment.Ifyoufailtomeetthisrequired minimum distribution (RMD),youmaybesubjecttoasubstantialfederalexcisetax.

An additional 3%maybeaddedto yourmonthlyretirementbenefitifyouhadretirementserviceinyouraccounton January 1, 1989.Ifyourefundandsubsequentlyreinstatewithdrawncontributions,youforfeitthe3%.

Federal and Utah state income taxes canbewithheldfromyourretirementcheck.Federalincometaxwillbewithheldbeginningwithyourfirstretirementcheckunlessyoutellusotherwise.Ifyou’reanonresident,checkyourstate’staxlawsforthestatusofyourUtahretirementbenefits.Youmaychangeyourwithholdingstatusatanytime.Formsareavailablefromourofficeandatwww.urs.org.Ifyouhadcontributionswithheldfrom

yourpaycheck,youmayexcludeapercentageofyourmonthlybenefitfromtaxation. Thisinformationwillarrivewithyourfirstretirementcheckunderseparatecover.EveryJanuaryyouwillreceivea1099-Rshowingthegrossandtaxableamountsofbenefitspaidtoyouthepreviousyearandthetaxeswithheld.Consultataxprofessionalregardingyour ownsituation.

Social Security benefitsarefederallysponsored.Forinformation,contactyourlocalSocialSecurityoffice.

Partial Lump-Sum Option (PLSO) at Retirement

Atretirement,youhavetheoptiontoreceivealump-sumpaymentequalto12monthsor24monthsofyourlifetimemonthlyretirementbenefit.Byelectingtoreceivealump-sumpayment,youacceptapermanentlyreducedlifetimemonthlyretirementbenefit.ThePLSOisnotavailableforfirefighters

onadisabilityretirement.Thisoptionismadeavailableoncedisabilitybenefitsterminateandthedisabilityretirementisconvertedtoaserviceretirement.

URS Savings Plans

URSoffersfourretirementsavingsplans:401(k),457,traditionalIRA,andRothIRA. Youand/oryouremployerhavetheoptionofcontributingtoa401(k)and/or457plan,if youremployerparticipates,andyou have the optionofcontributingtoatraditionaland/orRothIRA.Eachplanhasbeenestablishedunder

separatesectionsoftheInternalRevenue Code.Therefore,aseparatesetoflawsandregulationsgovernseachplan.Asaresult,therearesomedifferencesamongtheplans.Informationaboutthesavingsplansis

availableatwww.urs.orgorbycontactingourDefinedContributionDepartmentat801-366-7720or800-688-401k(press“0”tospeakwith acounselorduringnormalbusinesshours).

URS Savings Plans Quarterly Statements are mailedtoyourhomeaddressandarealsoavailableatwww.urs.org,viamyURS.

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Your right to privacy is protected. Informationcanbegivenoverthetelephonetoyouonlyifyoucandemonstrateyouridentitythroughknowledgeofpersonalinformation. Ifsuchknowledgecannotbedemonstrated,accountinformationwillnotbediscussedoverthetelephone.Becauseyourfileisconfidential,wecannotreleaseinformationtoyourspouse,relatives,orgrouprepresentative.Informationprovidedthroughourwebsiteandinteractivevoiceresponse(IVR)systemispermittedonlywithavaliduseridentification(ID)andpersonalidentificationnumber(PIN).

Beneficiary designationsshouldbekeptcurrentandonfileinourofficeatalltimes.Youmaychangeyourbeneficiary(ies)atanytimebyloggingintoyouraccountatwww.urs.orgundermyURS.Whenupdatingyourbeneficiary(ies),yourevokeallpreviousdesignations.Formsarealsoavailablefrom ourofficeoratwww.urs.org.

Administrative Information

Nonassignability of Benefits or PaymentsRetirementbenefitsorpaymentsarenot

subjecttoalienationorassignmentbythememberandarenotsubjecttoattachment,execution,garnishment,oranyotherlegal orequitableprocessexceptforadomesticrelationsorder(DRO)andIRStaxlevies. IfthereisavalidDROonyourURSDefinedBenefitRetirement(pension)accountoryourURSSavingsPlans(401(k),457,traditionalorRothIRA),partofyourbenefitswillbepaidtoyouralternatepayee(ex-spouse),asspecifiedintheDRO.Ourofficecannotbeginpaymentofyourdefinedbenefitretirement(pension)

Health insuranceafterretirementis basedonyouremployer’sbenefitpackageandshouldbereviewedcarefullywithyouremployerbeforeyouretire.Youshouldalsocheckwithyouremployeraboutanyearlyretirementincentives.AsupplementtoMedicareisavailableatage65toyouandyourspousethroughPublicEmployeesHealthProgram(PEHP).Formoreinformation,callPEHPat801-366-7555or800-765-7347orvisitwww.pehp.org.

Cost-of-living increasesofupto4%ofyouroriginalretirementbenefitbeginone yearafteryouretire,basedontheConsumerPriceIndex.

Returning to work after retirement is possibleundertheprovisionsdescribedin the Post-Retirement Employmentbrochureavailableonourwebsiteandfromouroffice.

Lost or misplaced checkscanbereplaced ifyourequestitinwriting.

Direct depositisavailableformonthlychecksonceyouretire.Formsareavailablefromourofficeandatwww.urs.org.Weneedtoknowifyouraddress changes

inordertokeepyouinformedaboutyourretirementbenefits.Ourhavingyourcurrentaddressensuresthatyoureceiveyourdefined benefit annual retirement statement, your defined contribution quarterly statement (401(k), 457, IRAs),informativepublications,andinformationyourequestonyouraccount.Requestsforaddresschangesmusthaveyoursignature.Formsareavailablefromourofficeandatwww.urs.org.StatementsarealsoavailableonourwebsitebyloggingintomyURS.

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toanalternatepayeeuntilyouterminateemploymentandapplyforretirementbenefits.PaymentsfromyourURSSavingsPlanstoanalternatepayeecanbeginassoonasavalidDROisfiledwithouroffice.Thedefinedbenefitplans(pension)and

thedefinedcontributionsavingsplanshaveseparatemodelDROs,availablefromouroffice,tohelpattorneysprepareanacceptableorder.

Appeals Ifyoudisagreewiththecalculationofa

benefit,accrualofservicecredit,orwithsomeotheractiontakenbyadepartmentofouroffice,youmayappealsuchdecisionspursuanttoUtahCodeAnn.§49-11-613.Ifyoudecidetoseekreversalofadecision

byadepartmentofouroffice,you’llneedtowritealettertotheexecutivedirectorstatingthefactsofthesituation,theremedyyouseek,andthelegalorequitablebasisforthereversal.Theexecutivedirectorwillreviewthecaseandeithergrantordenyyourrequest.Ifitisdenied,youmay,within30daysofthedenial,fileawrittenpetitionwiththehearingofficer.Stepsforfilingthepetitionwillbesenttoyouatthattime.

A Final Word

Thisbrochureisgeneralinnature.Forspecificinformationonyouraccount,contactourofficeinSaltLakeCityorSt.George.FormoreinformationregardingtheURS

SavingsPlans(401(k),457,IRAs)contactourDefinedContributionDepartmentat801-366-7720orat800-688-401k.

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Utah Retirement Systems

Salt Lake City Office560East200South,Suite240SaltLakeCity,UT84102-2021801-366-7700 • 800-365-8772TTY 800-877-8339 or 711 Visit:Monday-Friday,8:00am-5:00pm

Salt Lake Office Mailing AddressP.O.Box1590•SaltLakeCity,UT84110-1590

Southern Utah Branch Office165North100East,#9St.George,UT84770-2505435-673-6300 • 800-950-4877

Formoreinformation:www.urs.orgOn the Cover: Ryan Jensen, Firefighter, Unified Fire Authority, Magna

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Tier 1 Firefighters' Retirement System Highlights - West Valley City

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Transcript of Tier 1 Firefighters' Retirement System Highlights - West Valley City