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2000 LAWS OF MARYLAND
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Ch. 395
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(C) A MEMBER OF THE LAW ENFORCEMENT OFFICERS' PENSION SYSTEM IS
ELIGIBLE TO PARTICIPATE IN THE DROP IF THE MEMBER HAS AT LEAST 25 AND LESS
THAN 30 YEARS OF ELIGIBILITY SERVICE.
(D) AN ELIGLE MEMBER MAY ELECT TO PARTICIPATE IN THE DROP FOR A
PERIOD NOT TO EXCEED THE LESSER OF:
(1) 5 YEARS;
(2) THE DIFFERENCE BETWEEN 30 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 LAW ENFORCEMENT OFFICERS'
PENSION SYSTEM; OR
(3) A TERM SELECTED BY THE MEMBER
(E) (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 THE FORM THAT THE BOARD OF TRUSTEES PROVIDES,
STATING:
1. THE MEMBER'S INTENTION TO PARTICIPATE IN THE
DROP;
2. THE DATE WHEN THE MEMBER DESIRES TO RETIRE;
3. THE PERIOD THAT THE MEMBER DESIRES TO
PARTICIPATE IN THE DROP, AS PROVIDED IN SUBSECTION (D) OF THIS SECTION;
4. THE DATE WHEN THE MEMBER INTENDS TO TERMINATE
EMPLOYMENT WITH THE STATE IN THE FORM OF A BINDING LETTER OF
RESIGNATION ACCEPTED BY THE SECRETARY OR THE SECRETARY'S DESIGNEE OF
THE DEPARTMENT FOR WHICH THE MEMBER IS EMPLOYED; AND
5. ANY OTHER INFORMATION REQUIRED BY THE BOARD OF
TRUSTEES TO IMPLEMENT THE DROP; AND
(II) COMPLETE AND SUBMIT A WRITTEN RETIREMENT
APPLICATION FORM TO THE BOARD OF TRUSTEES, ON THE FORM THAT THE BOARD
OF TRUSTEES PROVIDES.
(2) AN ELIGIBLE MEMBER'S ELECTION TO PARTICIPATE IN THE DROP IS
IRREVOCABLE.
(F) (1) A DROP MEMBER'S PARTICIPATION IN THE DROP SHALL COMMENCE
ON THE FIRST DAY OF THE MONTH FOLLOWING ACCEPTANCE BY THE BOARD OF
TRUSTEES OF THE DROP MEMBER'S COMPLETED ELECTION FORM, RETIREMENT
APPLICATION FORM, AND ANY OTHER INFORMATION REQUIRED BY THE BOARD OF
TRUSTEES.
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- 2164 -
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