Ch. 123

1999 LAWS OF MARYLAND
Article - State Personnel and Pensions

24-401.1.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2) "DROP MEANS' THE DEFERRED RETIREMENT OPTION PROGRAM
ESTABLISHED UNDER THIS SECTION.

(3) "DROP MEMBER" MEANS A MEMBER OF THE STATE POLICE
RETIREMENT SYSTEM WHO:

(I) IS ELIGIBLE TO PARTICIPATE IN THE DROP AS PROVIDED IN
SUBSECTION (C) OF THIS SECTION; AND

(II) ELECTS TO PARTICIPATE IN THE DROP AS PROVIDED IN
SUBSECTION (E) OF THIS SECTION.

(B) THERE IS A DROP FOR ELIGIBLE MEMBERS OF THE STATE POLICE
RETIREMENT SYSTEM.

(C) (1) EXCEPT FOR THE SECRETARY OF THE STATE POLICE, A MEMBER OF
THE STATE POLICE RETIREMENT SYSTEM IS ELIGIBLE TO PARTICIPATE IN THE DROP
IF THE MEMBER:

(I) HAS AT LEAST 23 22 AND LESS THAN 28 YEARS OF ELIGIBILITY

SERVICE; AND

(II) IS LESS THAN 60 YEARS OLD.

(2) THE SECRETARY OF THE STATE POLICE IS ELIGIBLE TO PARTICIPATE
IN THE DROP IF THE SECRETARY HAS AT LEAST 23 22 YEARS OF ELIGIBILITY SERVICE.

(D) AN ELIGIBLE MEMBER MAY ELECT TO PARTICIPATE IN THE DROP FOR A
PERIOD NOT TO EXCEED THE LESSER OF:

(1) 5 4 YEARS;

(2) THE DIFFERENCE BETWEEN 28 YEARS AND THE MEMBER'S
ELIGIBILITY SERVICE AS OF THE DATE OF THE MEMBER'S ELECTION TO
PARTICIPATE IN THE DROP AND RETIRE FROM THE STATE POLICE RETIREMENT
SYSTEM;

(3) THE DIFFERENCE BETWEEN AGE 60 AND THE MEMBER'S AGE AS OF
THE DATE OF THE MEMBER'S ELECTION TO PARTICIPATE IN THE DROP AND RETIRE
FROM THE STATE POLICE RETIREMENT SYSTEM; OR

(4) A TERM SELECTED BY THE MEMBER

(E) (1) AN ELIGIBLE MEMBER WHO ELECTS TO PARTICIPATE IN THE DROP
SHALL: