2009 Iowa Code
Title 2 - Elections and Official Duties
Subtitle 2 - Public Officers and Employees
CHAPTER 70A - FINANCIAL AND OTHER PROVISIONS FOR PUBLIC OFFICERS AND EMPLOYEES
70A.32 - PHASED RETIREMENT PROGRAM.

        70A.32  PHASED RETIREMENT PROGRAM.
         The phased retirement incentive program is a voluntary program
      that provides that an employee may participate in the program for not
      more than five years and provides for the following:
         1.  Payment of a salary based upon the participant's salary on a
      full-time basis reduced proportionally by the number of hours of
      employment plus ten percent of the budgeted full-time salary.  A
      participant is eligible for cost of living increases granted to all
      state employees.
         2.  Continuation of eligibility by the participant for membership
      in the state life insurance program with continuation of state
      payments at the rate paid for full-time employees.
         3.  Continuation of eligibility by the participant for membership
      in the state health or medical insurance program and continuation of
      state payments at the rate paid for full-time employees.
         4.  Continuation of membership in the state employees disability
      insurance program.  During the five-year period, monthly earnings of
      the employee for purposes of the disability insurance program shall
      equal the monthly earnings as if the participant were a full-time
      employee.
         5.  Accrual of vacation and sick leave based upon section 70A.1 as
      it applies to part-time employees.  

         84 Acts, ch 1180, § 3
         C85, § 79.32
         C93, § 70A.32
         97 Acts, ch 185, §8