{"component": "definition", "props": {"groups": [{"samples": [{"hash": "lwMz3m0TFtJ", "uri": "http://www.kslegislature.org/li/b2021_22/measures/documents/hb2243_enrolled.pdf", "label": "www.kslegislature.org", "score": 10.6865160849, "published": false}, {"hash": "WZK7vNMRHt", "uri": "http://kslegislature.org/li_2022/b2021_22/chamber/documents/daily_journal_senate_20210408115727.pdf", "label": "kslegislature.org", "score": 10.6344969199, "published": false}, {"hash": "adIAF3fWvxl", "uri": "http://kslegislature.org/li_2020/b2019_20/chamber/documents/daily_journal_house_20190405130430.pdf", "label": "kslegislature.org", "score": 9.6694045175, "published": false}], "size": 7, "snippet": "means the notional account to which is credited the monthly DROP accrual;", "snippet_links": [{"key": "notional-account", "type": "definition", "offset": [10, 26]}, {"key": "monthly-drop-accrual", "type": "definition", "offset": [52, 72]}], "hash": "389b4923fc68ca7356d143b15dec689e", "id": 1}, {"samples": [{"hash": "aTpSFaSqyRR", "uri": "https://hfrrf.org/Resources/29966c69-d416-415f-a9f4-c565d278ac39/Statute.pdf", "label": "hfrrf.org", "score": 11.6644408641, "published": false}, {"hash": "4VNXMxSgYMQ", "uri": "https://statutes.capitol.texas.gov/Docs/CV/htm/CV.109.0.htm", "label": "statutes.capitol.texas.gov", "score": 10.1704312115, "published": false}, {"hash": "b1jvk6mM8KT", "uri": "https://www.hfrrf.org/Resources/148ac711-ee59-4c5b-b029-adb7c46a4600/Funding%20Policy.pdf", "label": "www.hfrrf.org", "score": 9.9801505818, "published": false}], "size": 6, "snippet": "means the notional account established to reflect the credits, contributions, and earnings of a member who has made a DROP election in accordance with Section 5 of this article.", "snippet_links": [{"key": "notional-account", "type": "definition", "offset": [10, 26]}, {"key": "the-credits", "type": "clause", "offset": [50, 61]}, {"key": "a-member", "type": "clause", "offset": [94, 102]}, {"key": "in-accordance-with", "type": "definition", "offset": [132, 150]}, {"key": "section-5", "type": "definition", "offset": [151, 160]}, {"key": "this-article", "type": "definition", "offset": [164, 176]}], "hash": "30f8f4a79b970f55baf917982b84610c", "id": 2}, {"samples": [{"hash": "cWjmBgGMFKu", "uri": "https://www.kslegislature.gov/li_2022/b2021_22/measures/documents/hb2064_00_0000.pdf", "label": "www.kslegislature.gov", "score": 13.8475363874, "published": false}, {"hash": "eA6SFk9ccju", "uri": "http://www.kslegislature.org/li_2022/b2021_22/measures/documents/hb2064_02_0000.pdf", "label": "www.kslegislature.org", "score": 8.6043805613, "published": false}, {"hash": "aY4bh6Us4Gh", "uri": "http://www.kslegislature.org/li_2022/b2021_22/measures/documents/hb2064_01_0000.pdf", "label": "www.kslegislature.org", "score": 8.5468856947, "published": false}], "size": 4, "snippet": "means the notional account to which is credited", "snippet_links": [{"key": "notional-account", "type": "definition", "offset": [10, 26]}], "hash": "036d1b71314a8882c1d1669008bbc262", "id": 3}, {"samples": [{"hash": "jYzHF5wj9En", "uri": "https://www.washco-md.net/wp-content/uploads/purch-pur-1503.pdf", "label": "Retirement Plan", "score": 12.0855578371, "published": false}, {"hash": "bOnPstXRjM7", "uri": "https://www.washco-md.net/wp-content/uploads/bocc210316a.pdf", "label": "www.washco-md.net", "score": 10.5961670089, "published": false}, {"hash": "fg10gcsyBVL", "uri": "https://www.washco-md.net/wp-content/uploads/purch-pur-1308.pdf", "label": "Retirement Plan", "score": 10.0554414784, "published": false}], "size": 3, "snippet": "means the dollars allocated to a DROP Participant pursuant to this Article. Such accounts will be maintained by the Trustee as entries on its books. The Trustee is not required to set up individual accounts for each DROP Participant.", "snippet_links": [{"key": "allocated-to", "type": "definition", "offset": [18, 30]}, {"key": "drop-participant", "type": "definition", "offset": [33, 49]}, {"key": "pursuant-to", "type": "definition", "offset": [50, 61]}, {"key": "this-article", "type": "definition", "offset": [62, 74]}, {"key": "by-the-trustee", "type": "clause", "offset": [109, 123]}, {"key": "is-not-required-to", "type": "clause", "offset": [161, 179]}, {"key": "individual-accounts", "type": "clause", "offset": [187, 206]}], "hash": "6fe168079fcf3ffe7415112c3eba3807", "id": 4}, {"samples": [{"hash": "bg7GuTiMMNp", "uri": "https://statutes.capitol.texas.gov/StatutesByDate.aspx?code=CV&level=SE&value=6243h&date=2/20/2015", "label": "statutes.capitol.texas.gov", "score": 10.1704312115, "published": false}, {"hash": "4VNXMxSgYMQ", "uri": "https://statutes.capitol.texas.gov/Docs/CV/htm/CV.109.0.htm", "label": "statutes.capitol.texas.gov", "score": 10.1704312115, "published": false}], "size": 2, "snippet": "means a notional account established for a DROP participant that is used solely as an accounting convention to aid in the computation of the DROP participant's DROP benefit. The DROP account may only be used for accounting purposes, and there is no actual separation of assets of the pension fund before the distribution of the DROP participant's DROP benefit.", "snippet_links": [{"key": "notional-account", "type": "definition", "offset": [8, 24]}, {"key": "drop-participant", "type": "definition", "offset": [43, 59]}, {"key": "accounting-convention", "type": "clause", "offset": [86, 107]}, {"key": "computation-of-the", "type": "clause", "offset": [122, 140]}, {"key": "drop-benefit", "type": "definition", "offset": [160, 172]}, {"key": "for-accounting-purposes", "type": "clause", "offset": [208, 231]}, {"key": "separation-of-assets", "type": "clause", "offset": [256, 276]}, {"key": "pension-fund", "type": "definition", "offset": [284, 296]}, {"key": "distribution-of", "type": "clause", "offset": [308, 323]}], "hash": "dea83527186d08984a9ae8dd3440051e", "id": 5}, {"samples": [{"hash": "bbInm4DRApl", "uri": "https://www.harfordcountymd.gov/DocumentCenter/View/25959/Bill-24-012-SOPP-Amendments-2024-As-Introduced?bidId=", "label": "www.harfordcountymd.gov", "score": 18.8630132186, "published": false}, {"hash": "aeqoWjlmMzW", "uri": "https://harfordcountymd.gov/DocumentCenter/View/21485/Bill-22-023-Harford-County-Sheriffs-Office-Pension-Deferred-Retirement-Option-Program-As-Introduced?bidId=", "label": "harfordcountymd.gov", "score": 11.3436002738, "published": false}], "size": 2, "snippet": "means the separate financial account established into which the participant\u2019s retirement benefits are paid while the participant continues to be employed by the Sheriff\u2019s Office of the County as a covered individual under the Plan.", "snippet_links": [{"key": "financial-account", "type": "clause", "offset": [19, 36]}, {"key": "the-participant", "type": "clause", "offset": [60, 75]}, {"key": "retirement-benefits", "type": "clause", "offset": [78, 97]}, {"key": "employed-by", "type": 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"http://www.resourcecenters.com/Pension%20Funds/Select%20Your%20Fund/Temple%20Terrace%20Firefighters'%20Retirement%20System/30Plan%20Documents/Chapter%2018%20-%20Retirement%20&%20Pensions.pdf", "label": "www.resourcecenters.com", "score": 2.0999315537, "published": false}], "size": 1, "snippet": "means the account established for each DROP participant under Subsection (c).", "snippet_links": [{"key": "the-account", "type": "clause", "offset": [6, 17]}, {"key": "drop-participant", "type": "definition", "offset": [39, 55]}], "hash": "b7099d7fb2821fadbb4e303ed8d30171", "id": 9}, {"samples": [{"hash": "j2hVCUHgtuR", "uri": "https://www.irvingfirepension.com/PEZFULF/PEZFDCS/2021.01%20FINAL%20PLAN%20DOCUMENT.docx.pdf", "label": "www.irvingfirepension.com", "score": 8.735797399, "published": false}], "size": 1, "snippet": ": shall mean the hypothetical account that is established on behalf of a Member who upon retirement (or whose surviving Spouse or other Beneficiary upon the death of the Member) elects to receive his benefit under the DROP and will be credited with the amounts that will be used to determine the value of the Member\u2019s lump-sum DROP payment.", "snippet_links": [{"key": "on-behalf-of", "type": "clause", "offset": [58, 70]}, {"key": "a-member", "type": "clause", "offset": [71, 79]}, {"key": "upon-retirement", "type": "clause", "offset": [84, 99]}, {"key": "surviving-spouse", "type": "clause", "offset": [110, 126]}, {"key": "other-beneficiary", "type": "definition", "offset": [130, 147]}, {"key": "the-member", "type": "definition", "offset": [166, 176]}, {"key": "to-receive", "type": "definition", "offset": [185, 195]}, {"key": "the-value", "type": "clause", "offset": [292, 301]}, {"key": "drop-payment", "type": "clause", "offset": [327, 339]}], "hash": "e8b668fff281c76bf6744ce56e92bdaa", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVZHJvcC1hY2NvdW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 37, "snippet": "means the notional account to which is credited the monthly DROP accrual;", "title": "DROP account", "id": "drop-account", "examples": ["Upon termination of employment, the retiree shall begin to receive payments from his/her individual <strong>DROP account</strong> as described hereinafter.", "For each employee participating in the DROP, an individual <strong>DROP account</strong> will be created in which shall be accumulated the DROP benefits, as well as interest on said DROP benefits.", "Should that plan be modified to include a defined contribution plan, this <strong>DROP account</strong> established is only part of a defined benefit plan.", "Upon termination of employment, the retiree shall receive the monthly retirement benefit previously credited to his/her <strong>DROP account</strong>.", "Interest on the <strong>DROP account</strong> will continue to accrue during such a forfeiture, except as provided in Subsection \u2587.", "If an employee participating in the DROP dies either: (1) before full retirement, that is before termination of employment with the County, or (2) during full retirement (that is, after termination of employment with the County but before the <strong>DROP account</strong> balance has been fully paid), the employee\u2019s designated beneficiary(ies) shall receive the remaining balance in the employee\u2019s <strong>DROP account</strong> in the manner in which they elect from the previously mentioned distribution methods (Subsection J).", "The employee\u2019s <strong>DROP account</strong> will be maintained and managed by the Macomb County Employees Retirement System.", "Failure to terminate employment at the expiration of the DROP Participation Period shall result in forfeiture of the employee\u2019s monthly pension benefit otherwise payable to the <strong>DROP account</strong> until termination of employment.", "The employee\u2019s DROP benefit shall be credited monthly to the employee\u2019s individual <strong>DROP account</strong>.", "The employee\u2019s DROP benefit will be credited monthly to the individual employee\u2019s <strong>DROP account</strong>, which will be established within the defined benefit plan of the Macomb County Employees Retirement System."], "related": [["esop-account", "ESOP Account", "ESOP Account"], ["cash-account", "Cash Account", "Cash Account"], ["rollover-account", "Rollover Account", "Rollover Account"], ["matching-account", "Matching Account", "Matching Account"], ["contribution-account", "Contribution Account", "Contribution Account"]], "related_snippets": [], "updated": "2025-07-06T21:58:36+00:00"}, "json": true, "cursor": ""}}