La. Admin. Code tit. 58 § I-2705
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-2705 - Effects of ParticipationA. When a person is in an extended DROP participation period, leave earned during that time can be converted to retirement credit if participation in DROP extends beyond January 1, 1996.B. When a person is in an extended DROP participation period, interest shall not be credited to the DROP account.C. When a member extends their DROP participation period, the monthly amount credited to the DROP account during the original participation period shall be the amount credited to the DROP account during the extended DROP participation period.La. Admin. Code tit. 58, § I-2705
Promulgated by the Department of Treasury, Board of Trustees of the State Employees' Retirement System, LR 22:373 (May 1996).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:515.