Louisiana Administrative Code
Title 58 - RETIREMENT
Part XXV - Municipal Employees' Retirement System
Chapter 10 - Deferred Retirement Option Plan (DROP)
Section XXV-1001 - Application Process
Universal Citation: LA Admin Code XXV-1001
Current through Register Vol. 50, No. 9, September 20, 2024
A. An application for DROP may be made when a member is eligible for retirement.
B. The DROP application shall include:
1. a form submitted by the
member's employer providing data on the member's salary for the highest 60
consecutive or joined months of earnings;
2. a written acknowledgement by the member of
the number of months in which they will participate in DROP;
3. a copy of the member's birth certificate
and Social Security card;
4. a copy
of the beneficiary's birth certificate and Social Security card;
5. a designation of a beneficiary to receive
the DROP fund balance if the member dies while participating in DROP;
6. a spousal consent form as to the
retirement benefit if the member is legally married and not selecting a benefit
which provides at least 50 percent to the spouse;
7. a spousal consent form as to the DROP
funds if the member is legally married and not leaving at least 50 percent of
their DROP fund balance to their spouse;
8. a copy of the spouse's death certificate
if the member is widowed;
9. a
certified copy of the divorce judgment if the member is divorced; and
10. for elected officials, a certificate of
elected service.
AUTHORITY NOTE: Promulgated in accordance with R.S. 11:1823.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
