§ 18-430.7 — Termination of DROP II
Denver Revised Municipal Code (Supp. No. 147, Update 3: codified through Ordinance No. 0852-26, enacted July 13, 2026) · Denver Revised Municipal Code § 18-430.7
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Sec. 18-430.7. - Termination of DROP II.
(a) Termination: Effective from and after September 1, 2003, no member shall enter the DROP II. However, those members who are eligible for a normal retirement benefit (under division 2 of this article) on or before August 31, 2003 shall be permitted to enter and participate in the DROP II if application is made before September 1, 2003. (b) Terms: Except as modified and amended under this section, the terms and conditions of the DROP II as set forth in division 4, article XII, chapter 18, of the Code shall remain and continue in effect. The participation, benefits, rights and privileges of the participants in the DROP II shall be governed in accordance with the terms and provisions set forth in this division. Unless amended further, those terms and conditions are hereby ratified. (c) Notice: Immediately following the enactment into law of this ordinance, the Denver Employees Retirement Plan shall provide to all active members of the plan, adequate and reasonable notice that there shall be no new entrants into the DROP II from and after September 1, 2003.
(Ord. No. 960-05, § 1, 12-19-05)