Common use of DROP Clause in Contracts

DROP. The City agrees that it will revise the police pension plan, effective January 1, 2006, to amend the eligibility and participation provisions of the deferred retirement option program (DROP) as follows:

Appears in 1 contract

Sources: Collective Bargaining Agreement

DROP. The City agrees that it will revise the police pension plan, effective January 1, 2006, plan within 60 days following ratification of this Agreement by both parties to amend the eligibility and participation provisions of the provide a deferred retirement option program (DROP) as follows:

Appears in 1 contract

Sources: Collective Bargaining Agreement