In October 2019, a minimum rate of 2.5 percent was approved by the OP&F Board of Trustees. 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 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.

The Deferred Retirement Option Plan, commonly known as DROP, is a retirement benefit that allows Tier 1 public safety members who are already eligible for retirement to continue working while collecting a salary and accumulating monthly pension benefits that will become available upon retirement.

Feb 21, 2024 · This website publishes administrative rules on their effective dates, as designated by the adopting state agencies, colleges, and universities. Rule 742-4-01 | General DROP definitions. Rule 742-4-02 | Implementation Date of Deferred Retirement Option Plan. Rule 742-4-03 | Effective date of DROP election.

Dec 4, 2024 · A deferred retirement option plan (DROP) is an arrangement that gives employees eligible for a defined benefit plan the choice to keep working without adding years of service that raise...

Deferred retirement option plans are available to some public-sector employees covered by pensions. Here's what you need to know.

Deferred Retirement Option Plan (DROP) is a n optional retirement method in which LSERS will create a DROP account for you and deposit your retirement benefit into this account for up to 36 months while you continue to work.

Aug 8, 2022 · (1) HPRS shall void an application for disability retirement upon an event that terminates the member's DROP participation as defined by section 5505.55 of the Revised Code.

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. Enrolling in DROP is a voluntary decision that members should make after careful consideration of …

Deferred Retirement Option Plan (DROP) should become familiar with some important steps prior to selecting a date. We strongly urge prospective retirants to communicate with the retirement system personnel to clarify