"DROP frozen benefit"

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.