When a participant in the Deferred Retirement Option Plan (DROP) is not an employee for whatever reason, the participant may continue to participate in DROP. Deposits to DROP will continue to be made on the part of the plan to the person's DROP account during any period of continued participation. Interest will continue to be credited during all periods until final distribution by the plan. Periods of unemployment do not extend the period of participation originally elected.

Source Note: The provisions of this §29.62 adopted to be effective September 17, 1997, 22 TexReg 9257; amended to be effective March 12, 2003, 28 TexReg 2106