House Bill No. [insert bill number] amends the Back-Deferred Retirement Option Plan (Back-DROP) for members of the Sheriffs' Pension and Relief Fund (SPRF). The bill allows members with at least 30 years of service but less than 35 years to select a Back-DROP period of up to 48 months, while members with 35 or more years of service can choose a Back-DROP period of up to 60 months. The bill also clarifies that the Back-DROP period must correspond to the member's accrued creditable service and specifies that the maximum Back-DROP period for members with less than 30 years of service remains at 36 months.

The proposed changes include the insertion of new language that defines the Back-DROP period more clearly and establishes the new maximum periods based on years of service. The bill retains existing provisions regarding the Back-DROP and its calculation while enhancing the options available to long-serving members. The act will take effect upon the governor's signature or after the expiration of the time for bills to become law without signature.

Statutes affected:
HB33 Original: 11:1(B)
HB33 Engrossed: 11:1(B)