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• <br />I chapter <br />providing <br />for <br />benefits <br />arising out <br />of <br />the disability or <br />2 death of <br />a member. <br />A <br />retirant <br />who returns <br />to <br />service and dies <br />3 during the period of reemployment shall be considered to have <br />4 retired again effective as of the first day of the month <br />5 following the month in which the death occurs, except for death <br />6 during the month of December when the effective date of <br />7 retirement may be the last day of the month. <br />9 (f) There is a deferred retirement option program for <br />9 Police officers. A police officer who has reached the service <br />10 requirements for normal retirement is eligible to enter the <br />11 deferred retirement option program. Once enrolled in the <br />12 deferred retirement option program, the enrollee's service and <br />13 benefit levels are locked as of the effective date of <br />14 enrollment. Pension payments for deferred retirement option <br />is program enrollees will be deposited to a deferred retirement <br />16 option program account each month with investment earnings or <br />17 losses at a rate equal to the pension plan's actual investment <br />18 return, net of investment expenses, and will be paid upon <br />19 termination from the program in accordance with rules adopted by <br />20 the board. Police officers enrolled in the deferred retirement <br />21 option program must enroll within twelve months of eligibility <br />22 for normal retirement. Enrollees may participate for a maximum <br />