T-DROP definition
T-DROP means the same as defined in Arkansas Code § 24-7-202;
T-DROP means, effective July 1, 1995, in lieu of terminating employment and accepting a service retirement benefit, any active member of the Arkansas Teacher Retirement System may elect to participate in the Teacher Deferred Retirement Option Plan (T-DROP), continue to work without the earnings limitation restriction of Arkansas Code Section §24-7-708 in a position covered by the Teacher Retirement System, and defer receipt of retirement benefits until a later date.
T-DROP means the Teacher Deferred Retirement Option Plan
More Definitions of T-DROP
T-DROP means teacher deferred retirement option plan.