DROP member definition

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

  • Within ten (10) days following the date of receipt of a Notice of Objection (the “Seller Notice Period”) from Buyer, Seller shall give notice (a “Response Notice”) advising Buyer whether Seller will cause any of the Unpermitted Exceptions to be removed from the Title Report at or prior to Closing.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 the DROP account balance is paid, the member’s legal beneficiary shall have the same rights as the member to withdraw the account balance.

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

  • The best results are obtained from cross-country marches, although physical training and negotiating obstacle courses are also useful.

  • 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.


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).

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

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

  • General Partner means the Company or its successors as general partner of the Partnership.

  • 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-

  • Founding Member means any individual who is either:

  • 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

  • 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 the Act.

  • Panel Member ’ means a member of a panel;