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Section 1302 - Phased retirement -- Voluntary participation -- Employer duties.

UT Code § 49-11-1302 (2019) (N/A)
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(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;

(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.

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Section 1303 - Phased retirement -- Eligibility -- Restrictions -- Amortization rate.