California Statutes
§ 31778. — 31778. (Added by Stats. 2003, Ch. 897, Sec. 1.)
California·Code GOV Government Code - GOV·Div. 4.·Title 3. DIVISION 4. EMPLOYEES·Part 3. PART 3. RETIREMENT SYSTEMS·Ch. 3. CHAPTER 3. County Employees Retirement Law of 1937·Art. 11.5. ARTICLE 11.5. Deferred Retirement Option Program
The provisions of this section through those of Section 31778.2, inclusive, shall be referred to collectively as the “backward DROP provisions.” A member who retires on or after the effective date of the program may elect upon application for service or disability retirement, on a form prescribed by the board, to receive:
(a)A backward DROP payment calculated under Section 3l778.1.
(b)A monthly retirement allowance calculated as if the member had retired on the deferred retirement calculation date, except that the retirement formula applicable to the member’s service as of the election date shall be used to calculate the amount of the member’s monthly retirement allowance.
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California § 31778. (31778. (Added by Stats. 2003, Ch. 897, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2003, Ch. 897, Sec. 1. Effective January 1, 2004.