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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 Trustee 1 seconded. Trustee 2 said, “I move that the Sheriff's Office Board of Trustees recommended against amending the plan to allow an individual to change an elected form of benefit payment and or a named beneficiary following entry into drop even if the participant does not complete at least 3 years of service in drop with a subsequent recalculation of benefits.” Trustee 1 replied, “I will second the motion.” After the call for a vote, Trustee 1 stated, “Ayes have it. Motion carries.”
The motion is a formal recommendation against the specific plan amendment described in the motion text. The transcript records no additional discussion of the amendment’s rationale, fiscal impact, or proposed alternative language for the retirement plan. The record does not identify any opposing votes or abstentions.
No other directions to staff or implementation steps were recorded in the meeting minutes. The trustees then moved to adjourn.
The action affects participants in the Sheriff's Office DROP program who have not completed three years of DROP service, and it specifically concerns whether such participants could change their elected benefit payment form or named beneficiary with a subsequent recalculation of benefits.
