- (1) The DROP period must begin on the first day of a month, must be prospective, and must end on the last day of a month. The DROP period will end as specified on the application, upon termination, or upon the participant's death, whichever occurs first.
- (2) If the participant terminates or dies during the DROP period, the DROP period will end on the last day of the last full month of active service.
- (3) A participant may not receive a retirement benefit or the monthly benefit portion of the DROP accrual for the month in which they terminate or die.
Authorizing statute(s): 19-2-403, 19-6-1003, MCA
Implementing statute(s): 19-6-1003, 19-6-1004, 19-6-1006, MCA
History: NEW, 2015 MAR p. 2244, Eff. 12/25/15.