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 Sectionunder the conditions established under this part, if the participating employer:
(1) establishes written policies and procedures for phased retirement that shall include provisions for: granting and denying a request for phased retirement; needed approvals within the participating employer; time limits or other restrictions; identifying positions that may be included or excluded; and 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; and 49-11-1304
(4) complies with this part.