DROP period definition

DROP period means the period of time that occurs between sequential Drops.
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 three-year period immediately following the commencement of the member's participation in the DROP.

Examples of DROP period in a sentence

During the DROP period, a DROP Member retains all rights, privileges and benefits of being an active City employee, except as specifically modified in the DROP Plan Document, and is subject to the same terms and conditions of employment including disciplinary actions up to and including termination.

These monies are placed in a trust account and are distributed to the DROP participant upon termination of employment or completion of the DROP period whichever occurs first.

The Member continues to be eligible for the active employee Flex Benefits Program for the classification and is not eligible for “retiree” health benefits until such time as the Member completes or terminates the DROP period.

No withdrawals may be made from the DROP account until the Member completes or terminates his or her DROP period.

DROP will allow the participant to defer all retirement benefits payable during the DROP period.


More Definitions of DROP period

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 period of time that a member irrevocably elects to participate in the
DROP period means the period of time that a member irrevocably elects to participate in the DROP pursuant to [section 4]."
DROP period means the identified time that the pre-employment student may withdraw from the Academy pre-employment program and be considered for a partial or full refund or tuition monies paid.
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 number of years for which the member elects to participate in the DROP. The DROP period shall be in increments of full years. The DROP period shall commence
DROP period means the number of years for which the member elects to participate in the DROP. The DROP period shall be in increments of full years. The DROP period shall commence on the first day of participation in the DROP and shall terminate on the date that the member separates from City service.