Deferred Retirement Option Plan. Am I eligible to participate in the Deferred Retirement Option Plan? If you are currently an active member who is eligible for normal service retirement you are eligible to participate in DROP.
And expect the furor there as the city tries to square its need for experienced civil servants with a retirement plan that promotes early exits to spread to other metros soon. Many civil service workers and government employees are enrolled in defined benefit plans, which provide. Florida Retirement system covers all the employees of the state.
How is my retirement benefit calculated while I continue working?
If you're eligible to take part in one of these plans, be sure to read over the details carefully to ensure that you're making the most of it.
Learn what these plans require and how to leverage the benefits of these unique Qualified retirement plans are employer-sponsored plans that meet the requirements of the IRC for tax-free contributions and tax-deferred growth. How deferred retirement option plans (DROPs) work. The transfer cannot include any non-taxable funds.