United States — Missouri
Missouri Revised Statutes § 86.251 - Deferred retirement option plan — election — deposit of retirement allowance in DROP account — termination of participation, when — forms of payment — effect of participation — death of member, payment of funds — accidental disability retirement allowance, effect — interest, amount — approval by IRS — election for monthly survivor annuity, when
1 provisions
This section lets the board set up a DROP for eligible police officers, and it limits how members can join, stay in, and take money from the plan.