DROP Calendar
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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 percent 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). |
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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. |
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The following table lists valid beginning and ending dates if you wish to enroll in DROP in 2008, 2009, or 2010 and participate for five years. To determine your five-year DROP termination date, find your DROP begin date in column one, three, or five and pair it with the corresponding termination date in column two, four, or six: |
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Begin and End Dates for Five Year Participation Periods in DROP |
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Begin 2008 |
End Date |
Begin 2009 |
End Date |
Begin 2010 |
End Date |
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1/1/2008 |
12/31/2012 |
1/1/2009 |
12/31/2013 |
1/1/2010 |
12/31/2014 |
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2/1/2008 |
1/31/2013 |
2/1/2009 |
1/31/2014 |
2/1/2010 |
1/31/2015 |
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3/1/2008 |
2/28/2013 |
3/1/2009 |
2/28/2014 |
3/1/2010 |
2/28/2015 |
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4/1/2008 |
3/31/2013 |
4/1/2009 |
3/31/2014 |
4/1/2010 |
3/31/2015 |
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5/1/2008 |
4/30/2013 |
5/1/2009 |
4/30/2014 |
5/1/2010 |
4/30/2015 |
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6/1/2008 |
5/31/2013 |
6/1/2009 |
5/31/2014 |
6/1/2010 |
5/31/2015 |
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7/1/2008 |
6/30/2013 |
7/1/2009 |
6/30/2014 |
7/1/2010 |
6/30/2015 |
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8/1/2008 |
7/31/2013 |
8/1/2009 |
7/31/2014 |
8/1/2010 |
7/31/2015 |
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9/1/2008 |
8/31/2013 |
9/1/2009 |
8/31/2014 |
9/1/2010 |
8/31/2015 |
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10/1/2008 |
9/30/2013 |
10/1/2009 |
9/30/2014 |
10/1/2010 |
9/30/2015 |
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11/1/2008 |
10/31/2013 |
11/1/2009 |
10/31/2014 |
11/1/2010 |
10/31/2015 |
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12/1/2008 |
11/30/2013 |
12/1/2009 |
11/30/2014 |
12/1/2010 |
11/30/2015 |
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*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. |