News Detail

Update on DROP Distributions / Procedure
12/1/2022

Effective December 1, 2022, DROP members are now allowed to take a total of 12 distributions from their DROP account, increased from the previous limit of 8. The annual limit of 4 distributions remains the same. To make a withdrawal or to check your DROP balance, please contact the pension office. Please note that different rules apply to alternate payees and beneficiaries. 

Please see the attached letter regarding the new DROP Procedure effective September 1, 2022.
DROP Procedure

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