(1) The participating employer and a willing and eligible retiree shall enter into a written agreement to participate in phased retirement.
(2) The agreement shall specify the period of the phased retirement and, at the discretion of the agreeing parties, address: (a) hours of work; (b) job duties; and (c) other arrangements related to the employment.
(a) hours of work;
(b) job duties; and
(c) other arrangements related to the employment.
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