La. Admin. Code tit. 58 § XXV-1001

Current through Register Vol. 50, No. 11, November 20, 2024

Section XXV-1001 - Application Process

A. An application for DROP may be made when a member is eligible for retirement.

B. The DROP application shall include:

1. a form submitted by the member's employer providing data on the member's salary for the highest 60 consecutive or joined months of earnings;

2. a written acknowledgement by the member of the number of months in which they will participate in DROP;

3. a copy of the member's birth certificate and Social Security card;

4. a copy of the beneficiary's birth certificate and Social Security card;

5. a designation of a beneficiary to receive the DROP fund balance if the member dies while participating in DROP;

6. a spousal consent form as to the retirement benefit if the member is legally married and not selecting a benefit which provides at least 50 percent to the spouse;

7. a spousal consent form as to the DROP funds if the member is legally married and not leaving at least 50 percent of their DROP fund balance to their spouse;

8. a copy of the spouse's death certificate if the member is widowed;

9. a certified copy of the divorce judgment if the member is divorced; and

10. for elected officials, a certificate of elected service.

La. Admin. Code tit. 58, § XXV-1001

Promulgated by the Department of Treasury, Municipal Employees' Retirement System, LR 482370 (9/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:1823.