A participating employer may elect to participate in phased retirement for a retiree who has not completed the one-year employment separation requirement under Section 49-11-1204 under the conditions established under this part, if the participating employer: (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; (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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