If your employer offers a DROP option, it allows you to enter retirement status using one of the Retirement Payment Options above and continue to work for a period not to exceed 36 months. During the DROP period, the member’s monthly benefit payments will be deposited to an interest-bearing DROP account and will be paid in a lump-sum upon termination from employment. Participation in the DROP is subject to the terms of the Pennsylvania Municipal Retirement Board DROP Policy Statement.
If your employer allows you to participate in the DROP option, you will need to complete one of the following:
- The Application for Deferred Retirement Option Plan (PMRB-40)
- The Application for Termination From Deferred Retirement Option Plan (PMRB-44)
Completed forms can be sent to Raemail@example.com.