Sec. 7. As used in this chapter, "DROP frozen benefit" means a member's monthly retirement benefit calculated under the provisions of the applicable fund and based on:
(1) the salary of a first class officer or firefighter that is in effect on the member's DROP entry date; and
(2) the member's years of service accrued on the member's DROP entry date.
As added by P.L.62-2002, SEC.5.
Structure Indiana Code
Chapter 8.5. Deferred Retirement Option Plan (Drop)
36-8-8.5-0.1. Application of Certain Amendments to Chapter
36-8-8.5-1.5. Drop Expiration Date
36-8-8.5-7. "Drop Frozen Benefit"
36-8-8.5-8. "Drop Retirement Date"
36-8-8.5-10. Drop Election Requirements
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
36-8-8.5-15. 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