742-4-10. Maximum period for DROP participation

Latest version.

(A) For purposes of determining the maximum eight-year period for DROP participation, this date will be based on three hundred sixty-five calendar days from the effective date, regardless of the periods during which contributions were paid on behalf of the member. For example, if the member's effective date is January 18, 2003, the last day of the eight-year period shall end on January 17, 2011.

(B) Capitalized terms used in this rule shall have the meaning assigned to them in rule 742-4-01 of the Administrative Code .

Effective: 8/17/2018
Five Year Review (FYR) Dates: 5/31/2018 and 05/31/2023
Promulgated Under: 111.15
Statutory Authority: 742.43, 742.10
Rule Amplifies: 742.444
Prior Effective Dates: 12/31/2002 (Emer.), 04/06/2003

                    
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