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Code · Utah · Title 49 — Utah State Retirement and Insurance Benefit Act · Chapter 11

49-11-1307. Phased retirement -- Adjustments or termination.

97 words·~1 min read·/ut/title-49/chapter-11/49-11-1307

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Effective 1/1/2017
49-11-1307. Phased retirement -- Adjustments or termination.
(1)The Legislature may make adjustments to or terminate the phased retirement option created under this part, including:
(a)amending phased retirement eligibility, restrictions, scope, or duration provisions;
(b)closing phased retirement to additional retirees; or
(c)terminating phased retirement for all participating retirees.
(2)A participating employer and retiree enter into a phased retirement agreement subject to the adjustments or termination reserved in this section.
Enacted by Chapter 280 , 2016 General Session
Technically renumbered to avoid duplication of section number also enacted in HB51, Chapter 310.
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