Body
COP 05-0604 Deferred Retirement Option Program
This is a Florida Retirement System (FRS) program that provides an alternative method for payment of retirement benefits for a specific and limited period for employees who participate in FRS, TRS, and SCOERS. An eligible employee may retire and have FRS benefits accumulate in the FRS Trust Fund, earning interest, while the employee continues to work for the College. When the DROP period ends, the employee must end their employment at FSW. The employee will receive the payment of the accumulated DROP benefits and begin receiving their monthly FRS retirement benefit.