URS Pension (Defined Benefit) Annual Retirement Statements are available to members by logging into myURS or can be received by mail in March each year. It’s important our office always have a current mailing and email address on file for each member. URS paperless annual statements are formatted exactly the same as those delivered by mail. Because the years of service listed on the annual retirement statement reflect unverified service credit, we strongly recommend before members separate from employment, they check with our Retirement Benefits Department, at 801-366-7770 or 800-695-4877, to verify the years credited to their retirement accounts are eligible for retirement coverage.
Explanation of the URS Pension (Defined Benefit) Annual Retirement Statement
This section contains the member’s URS account number, current employer(s) as of December 31 of the recent calendar year, and demographic information. If any of this information is incorrect, members should update it online by logging into myURS or contact our office at the numbers listed above.
This shows the retirement system(s) in which members have service credit and the amount of service credited to their retirement accounts. Transactions are listed for each employer, showing the earnings reported to URS for each year. Only the base salary should be reported for members of the Firefighters and Public Safety systems, because only base salary is used to calculate retirement benefits for these systems. Member total service credit is reflected on the annual statement. Salary prior to 1980 may not be listed.
Presuming members’ employment is eligible for coverage, if they work for more than one employer during the year, the combined service from all employers cannot count for more than one year of service credit. If they have held more than one job with a government entity, members may have service credit in more than one system.
Members’ Account Balance from Contributory System
If members are now or have ever been participants in one of the contributory systems and have not taken a refund, their account balance is listed on the statement.
Designated Beneficiaries
These are current beneficiaries designated for the member’s pension benefit account. If members need to make a beneficiary change, they should access their account online through myURS to make the change or request a Beneficiary Designation Form from our office.
Installments
If members have participated in one or more service purchase or redeposit contract, the money they paid from the inception of their agreements, through December 31 of the statement year, is listed. The service is not credited until the final payment is received by URS and posted to their accounts.
