§ 36-8-8.5-0.1 Application of certain amendments to chapter
§ 36-8-8.5-1.5 DROP expiration date
§ 36-8-8.5-2 Applicability
§ 36-8-8.5-3 “Applicable fund”
§ 36-8-8.5-4 “DROP”
§ 36-8-8.5-5 “DROP election”
§ 36-8-8.5-6 “DROP entry date”
§ 36-8-8.5-7 “DROP frozen benefit”
§ 36-8-8.5-8 “DROP retirement date”
§ 36-8-8.5-9 Eligibility
§ 36-8-8.5-10 DROP election requirements
§ 36-8-8.5-10.5 Election to extend retirement date
§ 36-8-8.5-11 Employer contributions
§ 36-8-8.5-12 Calculation of retirement benefit
§ 36-8-8.5-13 Cost of living adjustment
§ 36-8-8.5-14 DROP exit date
§ 36-8-8.5-15 Survivor benefits
§ 36-8-8.5-16.5 Disability benefit
§ 36-8-8.5-17 Exemption from levy limits; taxes of civil taxing unit for pension benefits
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Terms Used In Indiana Code > Title 36 > Article 8 > Chapter 8.5 - Deferred Retirement Option Plan (DROP)

  • applicable fund: means the following:

    Indiana Code 36-8-8.5-3

  • DROP: means the deferred retirement option plan established by this chapter. See Indiana Code 36-8-8.5-4
  • DROP election: means a member's election to enter the DROP. See Indiana Code 36-8-8.5-5
  • DROP entry date: means the date that a member's DROP election becomes effective. See Indiana Code 36-8-8.5-6
  • DROP frozen benefit: means a member's monthly retirement benefit calculated under the provisions of the applicable fund and based on:

    Indiana Code 36-8-8.5-7

  • DROP retirement date: means the future retirement date selected by a member at the time the member makes a DROP election. See Indiana Code 36-8-8.5-8
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5