DROP - OPERS
DROP - OPERS
DROP - OPERS
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#1 - State Plan<br />
– Forward <strong>DROP</strong><br />
Sample <strong>DROP</strong> Plans<br />
– 28 years of service required for eligibility<br />
– <strong>DROP</strong> period - maximum 5 years<br />
– 7.75% interest credit. This caused a lot of controversy during<br />
years when the investment portfolio was losing money,<br />
– 75% of accrued pension credited to <strong>DROP</strong> account<br />
– Lump sum only<br />
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