A. Participation in DROP may not exceed a period of three consecutive years.
- 1. In order to participate for the maximum three consecutive years, the member must begin DROP participation within 60 calendar days after the first possible eligibility requirement for participation is met.
- 2. The participation period must end not more than three years and 60 calendar days from the date the member first became eligible to participate.
- 3. The participation period may only be shortened by the participant's termination of employment or death.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 11:739 and R.S. 11:791.
Historical Note
HISTORICAL NOTE: Promulgated by the Department of the Treasury, Board of Trustees of the Teachers' Retirement System of Louisiana, LR 18:621 (June 1992), amended LR 19:1601 (December 1993), LR 21:1267 (November 1995), repromulgated LR 24:500 (March 1998), LR 46:1242 (September 2020).