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DROP is an acronym for Deferred Retirement Option Plan. Entering the DROP allows you to simultaneously earn a salary and also accumulate a "nest-egg" payable in a lump sum and/or as a monthly benefit. If you meet the requirements for eligibility, this gives you another benefit option that you may choose.
To estimate your DROP benefit pursuant to the Pension Trust Agreement, simply fill out the fields below and click the calculate button. Should you require more information, use the Help links to the right of each section. This calculation is only an estimate for your planning purposes, and an actual benefit will be calculated when you retire.