Introduced
by
To repeal the State Police “deferred retirement option plan” (DROP) program. Officers in the DROP start getting a portion of their pension while still working and simultaneously collecting their regular salary. The amount of pension they can collect is 30 percent the first year, 50 percent the second, and then increases 10 percent each year until eventually they are getting full pension and full pay before they have retired. The money is not paid out to them immediately but is deposited into an interest-bearing retirement account they get when they actually retire.
Referred to the Committee on Appropriations
