DROP Calendar

The Deferred Retirement Option Program (DROP) allows you to retire and have your FRS benefits accumulate in the FRS Trust Fund, earning annual interest at an effective rate of 6.5% (if your DROP participation began prior to July 1, 2011) or 1.3% (if your DROP participation began on or after July 1, 2011), 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*). 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 2010, 2011, 2012, or 2013 and participate for 5 years.

Begin and End Dates for Five Year Participation Periods in DROP
Begin 2011 - End Date	Begin 2012 - End Date	Begin 2013 - End Date	Begin 2014 - End Date
01/1/2011 - 12/31/2015	01/1/2012 - 12/31/2016	01/1/2013 - 12/31/2017	01/1/2014 - 12/31/2018
02/1/2011 - 01/31/2016	02/1/2012 - 01/31/2017	02/1/2013 - 01/31/2018	02/1/2014 - 01/31/2019
03/1/2011 - 02/29/2016	03/1/2012 - 02/29/2017	03/1/2013 - 02/28/2018	03/1/2015 - 02/28/2019
04/1/2011 - 03/31/2016	04/1/2012 - 03/31/2017	04/1/2013 - 03/31/2018	04/1/2015 - 03/31/2019
05/1/2011 - 04/30/2016	05/1/2012 - 04/30/2017	05/1/2013 - 04/30/2018	05/1/2015 - 04/30/2019
06/1/2011 - 05/31/2016	06/1/2012 - 05/31/2017	06/1/2013 - 05/31/2018	06/1/2015 - 05/31/2019
07/1/2011 - 06/30/2016	07/1/2012 - 06/30/2017	07/1/2013 - 06/30/2018	07/1/2015 - 06/30/2019
08/1/2011 - 07/31/2016	08/1/2012 - 07/31/2017	08/1/2013 - 07/31/2018	08/1/2015 - 07/31/2019
09/1/2011 - 08/31/2016	09/1/2012 - 08/31/2017	09/1/2013 - 08/31/2018	09/1/2015 - 08/31/2019
10/1/2011 - 09/30/2016	10/1/2012 - 09/30/2017	10/1/2013 - 09/30/2018	10/1/2015 - 09/30/2019
11/1/2011 - 10/31/2016	11/1/2012 - 10/31/2017	11/1/2013 - 10/31/2018	11/1/2015 - 10/31/2019
12/1/2011 - 11/30/2016	12/1/2012 - 11/30/2017	12/1/2013 - 11/30/2018	12/1/2015 - 11/30/2019

*Some members may be eligible for fewer months in DROP due to a "late start"; others may be eligible to extend their DROP participation by up to an additional 36 months. For more information, see the latest version of the DROP Brochure.

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