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Deferred Retirement Option Plan (DROP)
The DROP allows members who have reached retirement eligibility to begin receiving a pension benefit while continuing to work. The benefit is paid to a member's DROP account where it earns interest. No Creditable Service is earned during DROP participation. A member can participate in the DROP for a maximum of five years. Upon terminating from the DROP, the member can immediately retire or continue to work and resume earning Creditable Service. Click here to view DROP Policy |
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