Active Employees' Deferred Retirement Option Program (DROP)
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Deferred Retirement Option Program
DROP provides the ability for an employee to retire for purposes of the pension plan, while continuing to work and receive a salary for a period of up to three years. During the DROP period, the pension plan accumulates the monthly benefit in an account balance identified as payable to the member only at the end of the DROP period. The account balance is credited with 5% interest per year. The monthly benefit that is credited to the DROP participant's account balance is calculated using service and final compensation as of the date of entry in DROP, with increases equal to the annual retiree COLA. The employee does not earn service credit towards retirement during the DROP period.
Sheet (all plans)
How To Apply for DROP
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Members of all three Retirement Systems can calculate their own DROP Benefit Estimates, by logging into Web Member Services by clicking on Member Area: Secure Log In. This link is available under the Related Links tab in the left navigation bar on each page of the Retirement Systems website.
Only members who are eligible for normal service retirement are eligible to participate in DROP. DROP was approved by the Board of Supervisors for retirement eligible members of the Police Officers and Uniformed Retirement Systems of Fairfax County October 1, 2003. DROP was approved for members of the Employees' Retirement System, effective July 1, 2005.