La. Admin. Code tit. 58 § V-1501
Board or Board of Trustees- the Board of Trustees of the Firefighters' Pension and Relief Fund for the City of New Orleans.
Covered Employment- service pursuant to R.S. 11:3361 as a firefighter employed by the fire department of the city of New Orleans actively engaged in the extinguishment of fires.
Creditable Service- pension credits accrued in the fund by a member on the basis of services rendered in covered employment. Solely for purposes of eligibility in the DROP, creditable service shall include service credit reciprocally recognized under R.S. 11:142.
DROP- established in R.S. 11:3385.1 for eligible members of the Firefighters' Pension and Relief Fund for the City of New Orleans.
DROP Account- an individual member's accumulation of monthly service retirement benefits payable to him by the fund during a period of DROP participation in accordance with the member's service retirement benefit election.
Fund- the Firefighters' Pension and Relief Fund for the City of New Orleans.
Fund DROP Account- the bank account held by the fund on behalf of all participating DROP members in which are deposited the monthly payments payable on behalf of each member for his individual DROP account during his participation in the DROP.
Member- a firefighter employed by the fire department of the city of New Orleans who is actively engaged in extinguishing fires, or is otherwise eligible pursuant to R.S. 11:3361 to participate in the fund.
Qualified Domestic Relations Order or QDRO- an order issued by a court of competent jurisdiction recognized and approved by the board pursuant to its rules and regulations relating to QDROs as requiring the board to make payment of a part or all of a member's retirement benefit to an alternate beneficiary.
Retired Member- a former member receiving retirement benefits from the fund, but not including a DROP participant who is not yet eligible to receive a distribution from his DROP Account.
Service Retirement Benefit- the vested benefit of a member payable from the new system under R.S.11:3384 or from the old system under R.S. 11:3381.
Year of Creditable Service- a period of 12 consecutive months of pension credit accrued in the fund by a member on the basis of services rendered in covered employment.
La. Admin. Code tit. 58, § V-1501