Establishment of phased retirement program.

1. The department of administrative services may establish a voluntary employee phased retirement incentive program for full-time state employees. 2. A phased retirement incentive program established by the department of administrative services is a retirement system for purposes of section 20.9 , but is not retirement for purposes of chapter 97A , 97B , or 602 or for the employees who are members of the teachers insurance annuity association-college retirement equities fund (TIAA-CREF). 84 Acts, ch 1180, §1 C85, §79.30 C93, §70A.30 2003 Acts, ch 108, §23 ; 2013 Acts, ch 129, §35