(5) SHORTENS THE TIME PERIOD FOR PARTICIPATION IN THE DROP BY
DELIVERING TO THE MARYLAND STATE POLICE AND THE BOARD OF TRUSTEES
WRITTEN NOTICE OF THE INTENT OF THE DROP MEMBER TO TERMINATE
EMPLOYMENT; OR
(6) ACCEPTS A SPECIAL DISABILITY RETIREMENT ALLOWANCE AS
PROVIDED IN SUBSECTION (K) OF THIS SECTION.
(H) (1) AS OF THE EFFECTIVE DATE OF PARTICIPATION IN THE DROP, THE
BOARD OF TRUSTEES SHALL DETERMINE THE DROP MEMBER'S NORMAL SERVICE
RETIREMENT ALLOWANCE UNDER § 24-401 OF THIS SUBTITLE.
(2) DURING THE PERIOD THAT A DROP MEMBER PARTICIPATES IN THE
DROP, THE BOARD OF TRUSTEES SHALL:
(I) ACCRUE DEPOSIT THE DROP MEMBER'S NORMAL SERVICE
RETIREMENT ALLOWANCE IN THE DROP FOR THE DROP MEMBER'S BENEFIT;
(II) ADJUST THE DROP MEMBER'S NORMAL SERVICE RETIREMENT
ALLOWANCE EACH FISCAL YEAR AS PROVIDED IN TITLE 29, SUBTITLE 4, PART III OF
THIS ARTICLE; AND
(III) ACCRUE INTEREST ON THE AMOUNTS CALCULATED UNDER
SUBPARAGRAPHS (I) AND (II) OF THIS PARAGRAPH FOR THE DROP MEMBER INTO THE
DROP AT THE RATE OF 6.5% 6% A YEAR, COMPOUNDED MONTHLY.
(3) A DROP MEMBER MAY NOT RECEIVE CREDITABLE SERVICE OR
ELIGIBILITY SERVICE DURING THE PERIOD THAT THE DROP MEMBER PARTICIPATES
IN THE DROP
(4) A DROP MEMBER'S COMPENSATION DURING THE PERIOD THAT THE
DROP MEMBER PARTICIPATES IN THE DROP MAY NOT BE:
(I) SUBJECT TO THE EMPLOYER PICKUP PROVISIONS OF § 21-303
OF THIS ARTICLE OR ANY REDUCTION OR DEDUCTION AS A MEMBER CONTRIBUTION
FOR PENSION OR RETIREMENT PURPOSES; OR
(II) USED TO INCREASE THE DROP MEMBER'S AVERAGE FINAL
COMPENSATION EXCEPT AS PROVIDED IN SUBSECTION (K) OF THIS SECTION.
(5) DURING THE PERIOD THAT A DROP MEMBER PARTICIPATES IN THE
DROP, THE DROP MEMBER SHALL:
(I) CONTINUE TO RECEIVE COMPENSATION, HEALTH INSURANCE
AND OTHER BENEFIT OPTIONS ESTABLISHED UNDER THE STATE EMPLOYEE AND
RETIREE HEALTH AND WELFARE BENEFIT PROGRAM ADMINISTERED BY THE
SECRETARY OF THE DEPARTMENT OF BUDGET AND MANAGEMENT, AND ANY OTHER
BENEFITS AS AN EMPLOYEE OF THE MARYLAND STATE POLICE;
(II) BE SUBJECT TO THE PERSONNEL LAW, REGULATIONS, AND
POLICIES APPLICABLE TO AN EMPLOYEE OF THE MARYLAND STATE POLICE; AND
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