Utah Code 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:

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Employer: means any department, educational institution, or political subdivision of the state eligible to participate in a government-sponsored retirement system under federal law. See Utah Code 49-11-102
Phased retirement: means continuing employment:
(4)(a) on a half-time basis of a retiree with the same participating employer following the retiree's retirement date while the retiree receives a reduced retirement allowance; or
(4)(b) on a three-quarter time basis of a retiree with the same participating employer following the retiree's retirement date while the retiree receives a reduced retirement allowance if the retiree is employed as a public safety service employee or a firefighter service employee. See Utah Code 49-11-1301
Retiree: means an individual who has qualified for an allowance under this title. See Utah Code 49-11-102
Retirement: means the status of an individual who has become eligible, applies for, and is entitled to receive an allowance under this title. See Utah Code 49-11-102

(1)(a) amending phased retirement eligibility, restrictions, scope, or duration provisions;

(1)(b) closing phased retirement to additional retirees; or

(1)(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.