DROP - OPERS
DROP - OPERS
DROP - OPERS
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Sample <strong>DROP</strong> Plans<br />
#3 - State Police/Fire Plan<br />
– Forward <strong>DROP</strong><br />
– Age 48 and 25 years of service required for eligibility<br />
– <strong>DROP</strong> period - minimum 3 years, maximum 8 years<br />
– 5.0% interest credit<br />
– 100% of accrued pension credited to <strong>DROP</strong> account<br />
– Increasing portion of Member contribution credited to <strong>DROP</strong><br />
accounts.<br />
– Lump sum or periodic payments<br />
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