Applying only to Tier 1 members, the Deferred Retirement Option Plan (DROP) was established in 2002 allowing ERS/TRS members to defer receipt of their retirement allowance and continue employment for a specified period of time. However, the acceptance of new applications ended on March 24, 2011.
Your DROP Account funds are generated from three sources.
When can I Withdraw from DROP?
What happens if I want to Continue Work after DROP?
Once I terminate employment, what are my Distribution choices for receiving my DROP funds?
How is my DROP Benefit Calculated? DROP Calculator
2015 Tax Information for DROP Distribution Recipients