State Police Retirement System - Deferred Retirement Option Program - Alterations
Sponsor: Delegate BridgesCommittee: Rules and Executive NominationsSubject: State Government - Pensions and RetirementStatus: First Reading House Rules and Executive Nominations (as of Nov 15, 2022)
What this bill does
Official synopsis
Increasing the maximum number of years of eligibility service that certain members of the State Police Retirement System may have to participate in the Deferred Retirement Option Program (DROP) from 30 to 32; increasing the number of years that certain members of the State Police Retirement System may participate in the DROP from 5 to 7; and authorizing certain individuals, subject to certain limitations and requirements, to elect to extend their participation in the DROP.
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