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What is a Deferred Retirement Option Plan (DROP)?

April 26, 2017Deferred drop option Plan retirement

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What is a Deferred Retirement Option Plan (DROP)?

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A Deferred Retirement Option Plan is a plan that allows you to accumulate your monthly service retirement benefit in an interest bearing account at the Board of Pensions for up to four (4) years and continue to be employed by the City of Philadelphia.