DROP participant means an officer who participates in the deferred retirement option plan established in section 24a.
DROP participant means an officer who participates in
DROP participant means a Participant in the Plan who:
Examples of DROP participant in a sentence
As required by 53 P.S. ss 895.1116, the interest “shall be compounded at the actual rate earned by the DROP participant account that shall not be less than 0% nor more than 2 ½ %”.
These percentages would change according to the option chosen by the employee (i.e., a DROP participant could choose only a three-year DROP period, his or her funds would be deposited over the three-year period for a total of 100% by the end of that selection).
DROP Account – A separate interest-bearing account created to accumulate the DROP pension benefit for a DROP participant.
The monthly benefit credited to the participant’s DROP account during the month of the participant’s death shall be the final monthly benefit for the DROP participant.
More Definitions of DROP participant
DROP participant means a participant who is eligible and who elects to participate in the DROP.
DROP participant means an annuitant who has elected to
DROP participant means an annuitant who has elected to participate in the DROP.
DROP participant means a pension system member who is participating in the DROP.
DROP participant means an annuitant who has elected to participate in the DROP. (Def. added July 9, 2010, P.L.434, No.56)
DROP participant means any member who elects to retire and participate in the Deferred Retirement Option Program as provided in s. 121.091(13).
DROP participant means a participant who is eligible to participate in the DROP under § 5-1-503 and who elects to participate in the DROP under § 5-1-504.