The Deferred Retirement Option Program (DROP) allows you to retire and have
your FRS benefits accumulate in the FRS Trust Fund, earning interest at an
effective rate of 6.5% annually, while you continue to work for an FRS
employer. You may participate for a maximum of 60 months following
the date on which you become eligible for DROP (subject to deferral based
on age). For an in-depth discussion of DROP eligibility and deferral, see
DROP Summary.
When you apply to retire and enroll in DROP, you must state a termination date.
The chart below allows you to easily determine your maximum DROP termination
date, based on your DROP begin date (assuming that you have 60 months of DROP
eligibility). It accounts for leap years. Using this chart will help you avoid
selecting an invalid DROP termination date.
The following table lists valid beginning and ending dates if you wish to
enroll in DROP in 2007, 2008, or 2009 and participate for the maximum 5 years.
To determine your 5-year DROP termination date, find your DROP begin date in
column 1, 3, or 5 and pair it with the corresponding termination date
in column 2, 4, or 6:
