Phased retirement -- Adjustments or termination.
-
Law
-
Utah Code
-
Utah State Retirement and Insurance Benefit Act
-
Utah State Retirement Systems Administration
-
Phased Retirement
- Phased retirement -- Adjustments or termination.
Affected by 63I-1-249 on 1/1/2025
Effective 1/1/201749-11-1307. 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.
Technically renumbered to avoid duplication of section number also enacted in HB51, Chapter 310.
Download our app to see the most-to-date content.