- (1) The board shall establish a DROP for eligible members of the retirement system who elect to participate.
- (2) The board shall administer the DROP in compliance with the Internal Revenue Code and the applicable rules, regulations, and determinations of the internal revenue service.
- (3) The board may adopt rules to administer this part. (Void on occurrence of contingency--sec. 10, Ch. 258, L. 2015--see part compiler's comment.)
History: En. Sec. 3, Ch. 258, L. 2015.