Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 895.1102. Definitions

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Normal retirement benefit.”  The retirement benefit payable to a member of a defined benefit pension plan on or after the date on which the member first satisfies the age and service requirements for full, unreduced retirement benefits, including supplemental amounts provided to the member after retirement as cost-of-living increases.

“Subsidiary DROP participant account.”  The separate, interest-bearing, subsidiary DROP participant account established for a DROP participant under section 1121.  1