§ 24.1402 — Eligibility, Duration of DROP Participation, and Waiver

§24.1402 Eligibility, Duration of DROP Participation, and Waiver

(a) A Member is eligible to participate in DROP if the Member: (1) was hired by or assumed office with the City before July 1, 2005, (2) is eligible for a service retirement, and (3) is not a Safety Member who elected to accrue benefits under section 24.0403(d). (b) Before a Member may participate in DROP, he or she must voluntarily and irrevocably: (1) designate a participation period of 60 consecutive months or less; (2) elect to receive either the Maximum Benefit or one of the retirement settlement options described in Division 6 of this Article; (3) designate his or her Beneficiary for the continuance payable upon his or her death, if any; (4) stop accruing benefits under any other Division of this Article starting on the date the Member enters DROP; (5) have DROP benefits credited to a DROP Account as provided in this Division; (6) accrue benefits under the terms of this Division starting on the date the Member enters DROP; (7) receive benefits from the System when the Member leaves City employment, as provided in the relevant sections of this Article; (8) agree to leave City employment on or before the end of the Member’s designated DROP period, unless the Member is represented by the San Diego City Fire Fighter’s Local 145 bargaining unit, in which case the Member may extend his or her five-year DROP period by the amount of unused annual leave the Member has remaining at the end of his or her DROP period that was earned after July 1, 2002.

(Amended 12-3–2002 by O–19126 N.S.) (Repealed Subsection (b)(9) of Section 24.1402 on 4-28-2008 by O-19740 N.S.; effective 5-28-2008.) (Amended 6-10-2014 by O-20376 N.S.; effective 7-10-2014.)