You may have noticed new details shown on your Payment Notice for your monthly retirement payment. Our new record-keeping system allows us to share more detailed payment information. Here's what of some of the terms mean.

Annuity Pre-Tax               

The portion of your monthly lifetime payment that comes from your member contribution balance at retirement that has not yet been taxed.

Annuity Post-Tax

The portion of your monthly lifetime payment that comes from your member contribution balance at retirement that has already been taxed. 

Annuity Beneficiary Pre-Tax

The portion of your survivor monthly lifetime payment that comes from the member’s contribution balance at retirement that has not yet been taxed.

Annuity Beneficiary Post-Tax          

The portion of your survivor monthly lifetime payment that comes from the member’s contribution balance at retirement that has already been taxed.

Annuity Court Order Pre-Tax           

The portion of your court ordered monthly lifetime payment that comes from the member’s contribution balance at retirement that has not yet been taxed.

Annuity Court Order Post-Tax            

The portion of your court ordered monthly lifetime payment that comes from the member’s contribution balance at retirement that has already been taxed.

COLA

The portion of your monthly lifetime payment that comes from an annual Cost-of-Living Adjustment (COLA) calculated under Utah law. 

Pension              

The monthly lifetime payment calculated at the time of retirement, based upon the member’s age, service credit and final average salary.

SB-8

This portion of your monthly lifetime payment comes from legislation granting an additional 3% benefit for members who had earned URS service credit on or before January 1, 1989, and did not take a refund of their member contributions.

Nothing herein should be construed to establish, amend, enlarge, reduce, or otherwise affect any benefits, rights, responsibilities, or privileges. If there is a conflict between any applicable law, rule, regulation, plan provision, or contract and the contents of this paper, the law, rule, regulation, plan provision, or contract shall prevail.