The bill amends Section 6.14(c) of Article 6243a-1 of the Revised Statutes, which pertains to the Deferred Retirement Option Plan (DROP) for members of retirement systems for police and firefighters 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 amendment replaces the previous threshold of 10 years for participation.

Additionally, the bill clarifies that the amended provisions apply to all members participating in the DROP, regardless of when they began their participation. However, it specifies that members whose retirement pension ceased being credited to their DROP account after January 1, 2018, will not be entitled to have amounts credited for the period from when their pension ceased until August 31, 2025. The bill is set to take effect on September 1, 2025.