DROP - OPERS

DROP Conclusions
• If a DROP has no effect on the timing of
retirements, the DROP must create winners and
losers or be arranged so that each member
receives the same total benefit each would have
received if there had been no DROP, if the plan
is to be cost neutral.
– The only difference will be the lump sum option.
– Can be accomplished with a partial lump sum option
(PLOP) without a DROP.
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