Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 3987 modifies retirement distribution rules for police officers and firefighters participating in Deferred Retirement Option Plans (DROP) in certain municipalities. It allows lump-sum withdrawals in cases of unforeseen financial hardship, provides more flexibility in designating beneficiaries, and permits the assignment of annuity distributions to third parties under specific conditions.
Author (1)
Yvonne Davis
Contact the Author
Rep. Yvonne Davis
Capitol Phone:
(512) 463-0598
Capitol Office:
CAP 4N.9
E-Mail:
