Retirement From Employment; Reduced Worktime for Partial Service Retirement
"Reduced worktime for partial service retirement" means any arrangement of worktime agreeable to both the public agency employer and the employee that aggregates no less, on a monthly basis, than a 20 percent reduction nor more than a 60 percent reduction from what would in that position be considered full-time employment, combined with the concurrent payment of proportionally reduced compensation and proportionally reduced retirement benefits.
(Added by Stats. 1995, Ch. 379, Sec. 2.)