DROP Plan Details
Deferred Retirement Option Plan (DROP)
The Deferred Retirement Option Plan (DROP) is an enhancement to the Fire and Police Pension Plan that can provide members with another way to save for their retirement years.
Cost Of Living Adjustments (COLA)
The Cost of Living Adjustment (COLA) is 1.0% for 2021 and was approved by the Board of Fire and Police Pension Commissioners on March 18, 2021.
A summary of Historical COLA Percentages is also available for viewing.
Manage Your Pension During Marriage Dissolution
Pension benefit is subject to community property.
DROP Member Forms
Find all DROP member forms here.
- DROP Beneficiary Designation Form
- Statutory Power of Attorney Form
- DROP Application
- Application for Service Pension Benefits
- Final Average Salary Designation (Tiers 3, 4, 5)
- Prior Assignment Pay / Prior Hazard Pay
- Optional Pension for Qualified Surviving Spouse/Domestic Partner (Tiers 3, 4, 5)
- Instructions for Your DROP Entry Appointment
- DROP Revocation Notice
- Final Average Salary Designation (Tier 6)
- DROP Distribution Election Request
- DROP Distribution Summary
- Special Tax Notice Regarding Your Rollover Options
- Tiers 3-6 Disability Pension Information Booklet & Application
- Disability Pension Survivor Application
- Read more