DROP member definition

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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DROP member means an eligible member who makes an
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Examples of DROP member in a sentence

  • I understand that as a DROP member I am eligible for line of duty (accidental) disability benefits only if I am totally and permanently incapacitated for duty as a result of an accident or condition that arises out of or in the course of the actual performance of duty during my participation in the DROP, and without willful negligence on my part.

  • At the end of the DROP period, the DROP member must terminate employment with the Fairfax County Government and will begin receiving his or her monthly retirement benefit.

  • The participating DROP member shall then begin to receive normal service retirement allowances and benefits computed based upon his or her average final compensation at the time of the commencement of the DROP period and his or her creditable service at the time of the commencement of the DROP period, plus cost -of -living increases provided to retirees and any other benefit improvements that may have been granted to retirees during the participating DROP member's DROP period.

  • Thereafter, the participating DROP member shall perform the services of that position or any other position to which he or she is promoted or transferred.

  • In no case shall a participating DROP member receive payment for his or her accrued annual and compensatory leave at the commencement of the member's participation in the DROP.

  • Reemployment: After release from active duty, should a DROP member fail to apply for reemployment or fail to accept reemployment pursuant to the provisions of 38 U.S.C. § 4312 as amended, the employer shall promptly notify APERS.

  • A participating DROP member shall remain eligible for annual merit pay increments and promotions during the DROP period.

  • If the DROP member has not named a beneficiary for such member's DROP account, the amount in the DROP account shall be paid to the beneficiary of the member's retirement benefit.Sec.

  • Members eligible for normal retirement may elect to enter Deferred Retirement Option Program (DROP.) As a DROP member, he or she will continue to work and receive a salary for a maximum period of three years while an amount equal to what could have been received as a retirement benefit is credited to his or her DROP account.

  • If a DROP member dies before his or her account balance is paid out in full, the participant member’s designated beneficiary shall have the same rights as the member to elect and receive the payout options set forth.


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 any person who is a member of the Deferred Retirement Option Plan.
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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.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

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

  • A Member means a companion, fellow, member, honorary member, associate or affiliate of the Society

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • General Partner has the meaning set forth in the Preamble.

  • GP means Gottbetter & Partners, LLP.

  • crew member means a person assigned by an operator to duty on an aircraft during a flight duty period;

  • New member means a person first employed on or after Septem- ber 1, 2005, including a former member who withdrew retirement contributions under Government Code 822.003 and is reemployed on or after September 1, 2005.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Inactive member means a member of the pension program or the individual account pro-

  • Sole Member means the Person listed on Schedule A hereto, as amended from time-to-time, who owns the sole Membership Interest in the Company upon such terms and conditions as provided in this Agreement and under the Act.

  • Founding Member means any individual who is either:

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Council Member means a member of the Council;

  • Active member means a member of the pension program or the individual account program

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Panel Member ’ means a member of a panel;

  • Company Group Member means Company or any Company Affiliate;