§ A8.906

TERMINATION OF PARTICIPATION IN THE DROP

a.

A member’s participation in the DROP shall be terminated, other than by death or disability, by the first occurrence of any of the following: (1) the member’s completion of the applicable DROP participation period set forth in Section A8.901(a) or (b); (2) the member’s voluntary termination of employment while a DROP participant; (3) involuntary termination of the member’s employment; provided, however, that distribution of the member’s DROP Account shall be deferred during the pendency of any hearing or appeal of the member’s termination of employment. Should the member be reinstated to employment, the member may continue to participate in the DROP for the full duration of the member’s original participation period. Any time during which the member was excluded from DROP participation shall not be deducted from the member’s maximum participation period set forth in Section A8.901(a) or (b).

History

(Added by Proposition B, Approved 2/5/2008)

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