19-6-1002. (Temporary) Definitions. Unless the context requires otherwise, as used in this part, the following definitions apply:
     (1) "DROP" means the deferred retirement option plan established pursuant to this part.
     (2) "DROP account" means the member's accumulated monthly DROP accruals, plus interest.
     (3) "DROP benefit" means the lump-sum benefit calculated and distributed as provided in this part.
     (4) "DROP period" means the period of time that a member irrevocably elects to participate in the DROP subject to the provisions of 19-6-1004.
     (5) "Monthly DROP accrual" means the amount credited monthly to a participant's DROP account under 19-6-1005.
     (6) "Participant" means a member of the retirement system who has elected to participate in the DROP pursuant to this part. (Void on occurrence of contingency--sec. 10, Ch. 258, L. 2015--see part compiler's comment.)

     History: En. Sec. 2, Ch. 258, L. 2015.