What is the DROP?

The Deferred Retirement Option Plan (DROP) is a type of pre-retirement plan which allows you to begin accumulating retirement benefits while continuing employment. In effect, your monthly CPERS benefit is calculated at the time of DROP entry, and the resulting benefit is placed each month in a tax-deferred account.

The account balance accrues interest which is payable, provided that the terms of the DROP contract are not violated. Once enrolled in the DROP you no longer contribute to CPERS, will not earn any additional service credit toward a CPERS benefit, and therefore your monthly benefit will not change. You can only participate in the DROP once. For further information, contact us at 225-389-3272.

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1. What are the Basic requirements for retirement or DROP Eligibility in the City Parish Employee's Retirement System (CPERS)?
2. When is a CPERS member considered vested?
3. What types of service are recognized as Creditable Service?
4. If I worked for one of the CPERS employers in the past, but quit and received a refund of retirement contributions, can I receive credit for that period of service?
5. Are retirement benefits available if I get disabled?
6. What is the DROP?
7. What are the requirements for entry into the DROP?
8. Am I required to participate in the DROP?
9. Are there Survivor Benefits available?