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Sheriff's Office trustees recommend against allowing benefit or beneficiary changes after entering DROP
Summary
The Sheriff's Office Board of Trustees voted June 26 to recommend against amending the retirement plan to permit participants who enter the Deferred Retirement Option Program (DROP) to change their elected form of benefit payment or named beneficiary if they do not complete at least three years of DROP service.
On June 26, the Sheriff's Office Board of Trustees voted to recommend against amending the retirement plan to permit participants who enter the Deferred Retirement Option Program (DROP) to change their elected form of benefit payment or named beneficiary if they do not complete at least three years of service in DROP.
The recommendation was adopted by voice vote after Trustee 2 moved the motion and…
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