Deferred Retirement Option Plan (DROP)

Publication Date: 07/23/2010
Document Type: Laws Bills and Policies
Sponsor: Employees Retirement System of the City of St. Louis

Summary
The DROP allows members who have reached retirement eligibility to begin receiving a pension benefit while continuing to work. The benefit is paid to a member's DROP account where it earns interest. No Creditable Service is earned during DROP participation. A member can participate in the DROP for a maximum of five years. Upon terminating from the DROP, the member can immediately retire or continue to work and resume earning Creditable Service. Review and download the  DROP Policy document.