Deferred Retirement Option Plan definition

Deferred Retirement Option Plan or “DROP” means a

Deferred Retirement Option Plan or "DROP" means a 663 local law plan retirement option in which a police officer may 664 elect to participate. A police officer may retire for all

Deferred Retirement Option Plan or "DROP" means the plan

Examples of Deferred Retirement Option Plan in a sentence

• The Memorandum of Understanding regarding the Deferred Retirement Option Plan (DROP) is attached to and is incorporated by reference as part of this Agreement.

• A state police command officer participating in the deferred retirement option plan authorized in section 24a of Public Act 182 of 1986, as added in Public Act 83 of 2004, continues as an active employee as provided in Rule 5-17 [Deferred Retirement Option Plan for State Police Command Officers].[Rule 2-17 last amended effective April 29, 2004] 2-18 Training2-18.1 ResponsibilityEach appointing authority is responsible for in-service training.

• State Patrol employees hired after January 4, 1979 who are eligible for and elect to enter the Deferred Retirement Option Plan (DROP), shall be paid for all unused compensatory time at the time of entry into the Deferred Retirement Option Plan.

• Empirical evidence has shown that “pit bull” and other “dangerous breed” legislation do not reduce dog attacks.

• The monthly retirement benefits, that would have been payable had the person elected to cease employment and receive a service retirement allowance, are paid into the Deferred Retirement Option Plan Fund Account.

More Definitions of Deferred Retirement Option Plan

Deferred Retirement Option Plan or “DROP” means the DROP program for sworn deputy sheriffs and uniformed correctional officers. Uniformed Correctional Officer includes only the following positions: Correctional Officer I, Correctional Officer II, Correctional Officer III, Correctional Dietary Officer I, Correctional Dietary Officer II, and Correctional Supervisor-Sergeant.

Deferred Retirement Option Plan or “DROP” means a local law plan retirement option in which a firefighter may elect to participate. A firefighter may retire for all purposes of the plan and defer receipt of retirement benefits into a DROP account while continuing employment with his or her employer. However, a firefighter who enters the DROP and who is otherwise eligible to participate may shall not thereby be precluded from participation or continued participation participating, or continuing to participate, in a supplemental plan in existence on, or created after, March 12, 1999 the effective date of this act.

Deferred Retirement Option Plan means an option for retirement provided by the Arkansas Teacher Retirement System, or any other deferred retirement option plan created by, or authorized for creation, by law under a reciprocal system.

Deferred Retirement Option Plan or “DROP” means a local law plan re- tirement option in which a police officer may elect to participate. A police officer may retire for all purposes of the plan and defer receipt of retirement benefits into a DROP account while continuing employment with his or her employer. However, a police officer who enters the DROP and who is otherwise eligible to participate shall

Deferred Retirement Option Plan or “DROP” means a local law plan retirement option in which a police officer may elect to participate. A police officer may retire for all purposes of the plan and defer receipt of retirement benefits into a DROP account while continuing employment with his or her employer. However, a police officer who enters the DROP and who is otherwise eligible to participate may shall not thereby be precluded from participation or continued participation participating, or continuing to participate, in a supplemental plan in existence on, or created after, March 12, 1999 the effective date of this act.

Deferred Retirement Option Plan means an option for

Deferred Retirement Option Plan means an option for retirement provided by the Arkansas Teacher Retirement System or any other deferred retirement option plan created or authorized for creation by law under a reciprocal system. POLICIES 1. To participate in the T-DROP, the member must have at least twenty-eight (28) years of service credit in the Arkansas Teacher Retirement System. 2. To participate in the T-DROP, the member will make the election on an application form or forms furnished and approved by the Board of Trustees of the Arkansas Teacher Retirement System. 3. Within a reasonable period of time, the member's application will be reviewed, and a determination will be made regarding whether the member meets the eligibility requirements specified in Act 1096 of 1995.