- (a) Acts 2003, No. 1372, allows the sponsoring municipality and the local pension board to agree to allow participants to work after the conclusion of the DROP period, whether it is five (5) years or ten (10) years.
- (b) The participant would no longer be able to add to their DROP account during the period of continued employment, except for interest earned.
- (c) After the period of continued employment, the participant would be able to begin drawing their normal retirement benefit and take a distribution of their DROP account as described in 24 CAR § 20-1008.
Codification Notes: “DROP” means deferred retirement option plan.