49-11-1302. Phased retirement — Voluntary participation — Employer duties. 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:
Terms Used In Utah Code 49-11-1302
Employer: means any department, educational institution, or political subdivision of the state eligible to participate in a government-sponsored retirement system under federal law. See Utah Code 49-11-102
on a half-time basis of a retiree with the same participating employer following the retiree's retirement date while the retiree receives a reduced retirement allowance; or
(b)
on a three-quarter time basis of a retiree with the same participating employer following the retiree's retirement date while the retiree receives a reduced retirement allowance if the retiree is employed as a public safety service employee or a firefighter service employee. See Utah Code 49-11-1301
Retiree: means an individual who has qualified for an allowance under this title. See Utah Code 49-11-102
Retirement: means the status of an individual who has become eligible, applies for, and is entitled to receive an allowance under this title. See Utah Code 49-11-102
(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.
Enacted by Chapter 280, 2016 General Session Amended by Chapter 310, 2016 General Session, (Coordination Clause)
Technically renumbered to avoid duplication of section number also enacted in HB51, Chapter 310.
