DROP member definition
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.
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.
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.
In the event that the participating DROP member has elected a joint and last survivor option pursuant to the terms of Section 3-3-33(c), the participating DROP member's surviving spouse shall receive the benefits provided for in Section 3-3-38(a)(1)(B) and the participating DROP member's DROP account balance, and shall begin to receive allowances and benefits pursuant to the joint and last survivor election of the participating DROP member.
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.
DROP ACCOUNT - separate account created to accept a DROP member’s monthly pension check while an employee is a DROP member.
If a DROP member dies before the DROP account balance is paid in full, the member member’s legal beneficiary shall have the same rights as the member to withdraw the account balance.
If a DROP member dies before the DROP account balance is paid, the member’s legal beneficiary shall have the same rights as the member to withdraw the account balance.
If a participating DROP member dies during the DROP period, and the participating DROP member's death is a service-connected accidental death as set forth in Section 3-3-38, the member's beneficiary shall receive the benefits provided for in Section 3-3-38(a)(1); if there is no designated beneficiary on record with the System, payment of these amounts shall be to the member's estate.