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Ch. 575 2005 LAWS OF MARYLAND
certain members of the Law Enforcement Officers' Pension System or State
Police Retirement System as of a certain date; requiring the Board of Trustees
for the State Retirement and Pension System to make certain adjustments to
the normal service retirement allowance for certain members of the Law
Enforcement Officers' Pension System or State Police Retirement System;
requiring certain members of the Law Enforcement Officers' Pension System or
State Police Retirement System to forfeit certain creditable service and
eligibility service for a certain period of time; requiring the Board of Trustees for
the State Retirement and Pension System to make certain payments to certain
individuals within a certain period of time; providing that certain payments
made by the Board of Trustees for the State Retirement and Pension System to
certain individuals be made in a certain manner; defining a certain term; and
generally relating to the eligibility of members of the Law Enforcement Officers'
Pension System or State Police Retirement System to participate in the Deferred
Retirement Option Program.
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:
(a) In this section, "DROP" means the Deferred Retirement Option Program
established under § 24-401.1 of the State Personnel and Pensions Article.
(b) This section applies only to a member of the State Police Retirement
System who:
(1) is a member of the State Police Retirement System on July 1, 2005;
(2) was a member of the State Police Retirement System on or before
July 1, 1999;
(3) had accrued more than 24 years of eligibility service as of July 1,
1999, preventing the member from participating in the DROP for 4 years; and
(4) is less than 60 years old.
(e) A member who is described in subsection (b) of this section may elect to
participate in the DROP for a period not to exceed the lesser of:
(1) 4 years;
(2) the difference between age 60 and the member's age as of the date
that the member completes an application under subsection (d) of this section to
participate in the DROP; or
(3) a term selected by the member.
(d) (c) (1) An eligible member who elects to participate in the DROP shall:
(i) complete and submit a written election form to the Board of
Trustees on or before December 31, 2005, on the form that the Board of Trustees
provides, stating:
1. the member's intention to participate in the DROP;
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