"DROP frozen benefit"

Ind. Code § 36-8-8.5-7
in effect
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Sec. 7. As used in this chapter, "DROP frozen benefit" means a member's monthly retirement benefit calculated under the provisions of the applicable fund and based on: (1) the salary of a first class officer or firefighter that is in effect on the member's DROP entry date; and (2) the member's years of service accrued on the member's DROP entry date. As added by P.L.62-2002, SEC.5.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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