(1) "Amortization rate" means the amortization rate, as defined in Section 49-11-102, to be applied to the system that would have covered the retiree if the retiree's part-time position were considered to be an eligible, full-time position within that system.

(2) "Full-time" means a: (a) regular full-time employee whose term of employment for a participating employer contemplates continued employment during a fiscal or calendar year and whose employment normally requires an average of 40 hours or more per week and who receives benefits normally provided by the participating employer; (b) teacher whose term of employment for a participating employer contemplates continued employment during a school year and who teaches full time; (c) firefighter service employee whose employment normally requires an average of 2,080 hours of regularly scheduled firefighter service per year; and (d) public safety service employee whose employment normally requires an average of 2,080 hours of regularly scheduled public safety service per year.

(a) regular full-time employee whose term of employment for a participating employer contemplates continued employment during a fiscal or calendar year and whose employment normally requires an average of 40 hours or more per week and who receives benefits normally provided by the participating employer;

(b) teacher whose term of employment for a participating employer contemplates continued employment during a school year and who teaches full time;

(c) firefighter service employee whose employment normally requires an average of 2,080 hours of regularly scheduled firefighter service per year; and

(d) public safety service employee whose employment normally requires an average of 2,080 hours of regularly scheduled public safety service per year.

(3) "Half-time" means a: (a) regular employee whose term of employment for a participating employer contemplates continued employment during a fiscal or calendar year and whose employment normally requires an average of 20 hours per week and who receives benefits normally provided by the participating employer; (b) teacher whose term of employment for a participating employer contemplates continued employment during a school year and who teaches half time; (c) firefighter service employee whose employment normally requires an average of 1,040 hours of regularly scheduled firefighter service per year; and (d) public safety service employee whose employment normally requires an average of 1,040 hours of regularly scheduled public safety service per year.

(a) regular employee whose term of employment for a participating employer contemplates continued employment during a fiscal or calendar year and whose employment normally requires an average of 20 hours per week and who receives benefits normally provided by the participating employer;

(b) teacher whose term of employment for a participating employer contemplates continued employment during a school year and who teaches half time;

(c) firefighter service employee whose employment normally requires an average of 1,040 hours of regularly scheduled firefighter service per year; and

(d) public safety service employee whose employment normally requires an average of 1,040 hours of regularly scheduled public safety service per year.

(4) "Phased retirement" means continuing employment 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.