DROP member definition

DROP member means an eligible member who makes an
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DROP member means a member of the State Police Retirement
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DROP member means a member of the Law Enforcement
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Examples of DROP member in a sentence

  • When a DROP member retires, the DROP account may be paid to the member in a single lump sum or rolled over into an eligible retirement plan.

  • The DROP member will be eligible for all other negotiated contractual improvements outside of the pension system.

  • When a DROP member retires, the DROP account may be paid to the member in a single lump sum or rolled over into an eligible retirementplan.

  • If a DROP member dies before his/her account balances are paid out in full, the participant member's designated beneficiary shall have the same rights as the member to elect and receive the pay-out options set forth in Paragraph 8, above.


More Definitions of DROP member

DROP member means a member of the Law Enforcement Officers’ Pension System who:
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DROP member means a member of the Employees’
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Related to DROP member

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Partnership Group Member means any member of the Partnership Group.

  • lay member means a member of the Authority, who is not, nor has been:

  • Partnership Subsidiary means (i) any entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Partnership, or (ii) any partnership or limited liability company of which 50% or more of the capital and profits interest is owned, directly or indirectly, by the Partnership or by one or more Partnership Subsidiaries or by the Partnership and one or more Partnership Subsidiaries.

  • Staff member means a staff member as defined in section 1(1) of the Public Service Act, 1995 (Act No. 13 of 1995);