A participating employer may elect to participate in phased retirement for a retiree who has not completed the one-year employment separation requirement under Section 49-11-1204 under the conditions established under this part, if the participating employer:
(1) establishes written policies and procedures for phased retirement that shall include provisions for: (a) granting and denying a request for phased retirement;(b) needed approvals within the participating employer;(c) time limits or other restrictions;(d) identifying positions that may be included or excluded; and(e) the elements of a written agreement described under Section 49-11-1304;(2) enters into an agreement described under Section 49-11-1304;(3) submits an application to the office for phased retirement on behalf of the parties of the agreement described under Section 49-11-1304; and(4) complies with this part.Amended by Chapter 310, 2016 General Session ,§ 24, eff. 5/10/2016.Added by Chapter 280, 2016 General Session ,§ 3, eff. 1/1/2017.Affected by 63I-1-249 on 1/1/2025
Technically renumbered to avoid duplication of section number also enacted in HB51, Chapter 310.