As used in this article, the following terms shall have the
meanings indicated:
DROP
The Deferred Retirement Option Plan created as an optional
form of benefit under the existing Kidder Township Police Pension
Plan.
DROP PARTICIPANT ACCOUNT
A separate ledger account created to accumulate the DROP
pension benefit for a DROP participant.
MEMBER
A full-time Kidder Township police officer covered by the
Plan.
PARTICIPANT
A member who is eligible for normal retirement and who has
elected to participate in the DROP program.
PLAN
The Kidder Township Police Pension Plan adopted pursuant
to Act 600.
The effective date of the changes described in this article
is March 20, 2014; however, the implementation of the DROP program
will be as provided in this article.
The provisions of this article shall be severable, and if any of its provisions shall be held to be unconstitutional or illegal, the validity of any of the remaining provisions of this article shall not be affected thereby. It is hereby expressly declared as the intent of Kidder Township, Carbon County, Pennsylvania, that this article has been adopted as if such unconstitutional or illegal provision or provisions had not been included herein. In the event that the DROP provision is declared invalid or illegal by a court of competent jurisdiction or through an administrative determination of the Office of the Auditor General, the police officers shall have the right to bargain in accordance with Act 111 over deletion or modification of this benefit. The provisions of this article are written with the intent to comply with Chapter
11 of Act 44 of 2009.