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What is the DROP Program?

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What is the DROP Program?

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The Deferred Retirement Option Program (DROP) allows you to effectively retire under the Florida Retirement System (FRS) Pension Plan and begin accumulating your retirement benefits, in an interest savings account of 6.50% interest, without terminating employment, for up to 60 months from the date you first reach your normal retirement or eligible deferral date. Only members of the FRS Pension Plan qualify for DROP.

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