The rate of interest charged on redeposits of refunds, adjustments, or delinquent payments is the greater of:
(1) the interest rate as determined under a formula approved by the board; or
(2) the actuarial interest rate as of the preceding June 30.
Utah Code § 49-11-503
Rate of interest on redeposits, adjustments, and delinquent payments
Amended by Chapter 240, 2003 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.