DROP period means the period of time that a member irrevocably elects to participate in the DROP pursuant to K.S.A. 74-4986n, and amendments thereto;
DROP period means the period of time that a member irrevocably elects to participate in the DROP pursuant to 19-9-1204.
Examples of DROP period in a sentence
The Board shall provide terminal pay to an employee at termination of the DROP period.
At the end of the DROP period the maximum accumulated vacation eligible for compensation during the DROP period shall be 15 days.
During the DROP period, the pension plan accumulates the accrued monthly benefit into an account balance identified as belonging to the member.
Option 2: Receive a lump-sum payment at the end of the DROP period.
When the DROP period ends, members terminate employment and begin receiving their monthly allowance plus the lump sum payment from their DROP account.
More Definitions of DROP period
DROP period means the period of time that a member
DROP period means the three-year period immediately following the commencement of the member's participation in the DROP.
DROP period means the number of months between the actual retirement date under the DROP and the Member’s date of Withdrawal from Service.
DROP period means the period during which a DROP member
DROP period means the period of time that a member irrevocably elects to participate in the DROP subject to the provisions of [section 4].
DROP period means the period beginning with the first day of the month the member commences participation in DROP and ending with the last day of the month in which the member’s participation in DROP terminates.
DROP period means the identified time that the pre-employment student may with- draw from the academy pre-employment program and be considered for a partial or full refund of tuition monies paid.