Existing DROPs

Act 205 of 1984, § 1123, under MUNICIPAL PENSION PLAN FUNDING STANDARD AND RECOVERY ACT.

Act 205 of 1984, § 1123

Section 1123. Existing DROPs.

A local government that established a DROP prior to or on the effective date of this section that does not conform to the provisions of this chapter relating to elected officials shall amend its plan within 180 days of the effective date of this section or when the current labor-management contract creating the plan expires, whichever is later, to conform with the provisions of this chapter with respect to future DROP participants who are elected officials.

(1123 added Sept. 18, 2009, P.L.396, No.44)