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.