(The Deferred Retirement Option Program)

Contact Person: Melanie Pattullo, Personnel Assistant II
(850) 983-5036

Effective July 1, 1998.  The DROP is an alternative method for payout of retirement benefits for up to 60 months after a member reaches his or her normal retirement date.  The DROP allows an employee to save (accumulate with interest) all retirement benefits payable during the DROP, while continuing employment and receiving a salary as if no retirement had occurred.   Employees entering DROP must meet eligibility requirements and elect to participate in DROP within the timeline established in F.S. 121.  The employee must determine a beginning and ending date for DROP.  The ending date for DROP can be shortened but cannot be extended.

Division of Florida Retirement Web Site

IMPORTANT RESOURCE INFORMATION

The MyFRS Financial Guidance Line - a toll-free help line at 1-866-44-MyFRS (1-866-446-9377 or TTY: 1-888-429-2160) staffed by experienced financial planners.

MyFRS.com your online resource for account information and to connect to the ADVISOR SERVICE and the Second Choice CHOICE SERVICE.