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In recent years, many retirement plans, particularly those operated by state and local governments, have adopted some form of deferred retirement option, or "DROP," plans. This article discusses what a DROP plan does, what the attraction of a DROP plan is from the perspective of both the employer and the plan member, and the legal and actuarial ...

www.op-f.org/Members/DropInformation.aspx

The Deferred Retirement Option Plan (DROP) is an optional benefit that allows eligible police officers and firefighters to accumulate a lump–sum of money for retirement. The Ohio Police & Fire Pension Fund (OP&F) is proud to offer this benefit to its membership, which has been the most requested addition to OP&F's benefit offerings in many years.

www.dms.myflorida.com/workforce_operations/retirement/...

The Deferred Retirement Option Program (DROP) provides you with an alternative method for payment of your retirement benefits for a specified and limited period if you are an eligible Florida Retirement System (FRS) Pension Plan member.

www.investopedia.com/articles/retirement/103116/everything...

Deferred retirement option plans are a lesser-known type of employer-sponsored retirement plan that may prove beneficial to certain types of workers.

www.gfoa.org/deferred-retirement-option-plans

Over the past ten years, many governments have implemented deferred retirement option plans in order to achieve a variety of financial and human resource management goals. Although DROP plan features can vary significantly, the plans usually result in a lump-sum payout that supplements an employee s pension.

www.lafpp.com/sites/default/files/attachments/DROPHandbook...

The Deferred Retirement Option Plan (DROP) was implemented effective May 1, 2002. DROP is a voluntary program that allows you to have your monthly retirement benefit deposited in an interest-bearing account while you continue to work in your current department and receive your salary and benefits as an active employee.

www.michigan.gov/documents/R627H_4-04_DROP_Brochure_web...

The State of Michigan created a Deferred Retirement Option Plan (DROP) for the State Police Retirement System members hired before June 1, 2012. DROP is a supplemental benefit program available to members who are eligible to retire, but who agree to defer their retirement and continue working and receiving active employee wages.

www.cincinnati-oh.gov/.../deferred-retirement-option-plan-drop

Deferred Retirement Option Plan (DROP) If you are an active member of the CRS who is also a member of the Active Employee Class covered by the Collaborative Settlement Agreement (CSA) and you have a minimum of 30 years service credit, you can enter the Deferred Retirement Option Plan (DROP) by delaying your retirement and continuing to work for the City of Cincinnati.

laclerksofcourt.org/Retirement Manual/Deferred Retirement Option...

The Deferred Retirement Option Plan (DROP) is an alternative to regular retirement which allows a member to accrue a lump sum in addition to the monthly, lifetime annuity benefit. DROP is not the best choice for all members as it may not provide the highest value benefit in all cases.

www.opm.gov/retirement-services/publications-forms/...

Applying for Deferred or Postponed Retirement Under the Federal Employees Retirement System (FERS) This pamphlet is for former employees who: • were covered under FERS, • and are applying for deferred retirement, • or postponed the beginning date of their retirement and now want the benefit to begin.