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Police officers and firefighters who are members of this fund work for one of the 142 participating Indiana cities, towns, and townships. They must have been hired after April 30, 1977, or converted their benefits. Retirements are funded by contributions from both the employer and employee. Eligibility and the amount of a retirement, disability or survivor benefit are determined by pay scale and longevity.
The Indiana General Assembly made the Deferred Retirement Option Plan (DROP) available from January 1, 2003. Beginning July 1, 2006, there is no longer an expiration date for members to choose the DROP. This benefit allows eligible member to continue to work while accumulating a DROP benefit.
Use the links below to learn more about these benefits, when they can be collected, and who pays for them.