The bill amends Section 6.14(c) of Article 6243a-1 of the Revised Statutes, specifically regarding the participation of members in the Deferred Retirement Option Plan (DROP) for police and fire fighters in certain municipalities. The key change is that, effective January 1, 2018, members with 20 or more years of participation in DROP will no longer have their retirement pension credited to their DROP account while they remain in active service. This replaces the previous threshold of 10 years. The bill also clarifies that the amended provisions apply to all members participating in the DROP, regardless of when they began their participation.

Additionally, the bill stipulates that members whose retirement pension ceased being credited to their DROP account on or after January 1, 2018, will not be entitled to have amounts credited to their account for the period from when the pension ceased until August 31, 2025. The act is set to take effect on September 1, 2025.