- Introduced -

SB 516 - This act allows members of the St. Louis Police Retirement System to purchase their deferred retirement option period. This would enable members who cease participation in the deferred retirement option plan (DROP) to make an election to purchase the creditable service for participation in the DROP. This would also allow members to receive their retirement benefit based on a higher average compensation and a higher benefit formula calculation. Upon the election, the member must pay for the employee contributions the member would have made for the entire DROP period purchased.

CINDY KADLEC