Resolution 100688
Controlled by CITY COUNCIL

BOARD OF PENSIONS AND RETIREMENT DEFERRED RETIREMENT OPTION PLAN (DROP)

Description

Expressing Council's intent that, in the event Council enacts legislation revising or curtailing the Deferred Retirement Option Plan ("DROP"), any such legislation will provide all City employees who are eligible to enroll in the DROP by virtue of their age and years of service with a "window of opportunity" to enroll before any changes affecting their eligibility take effect; encouraging those employees who have submitted a Preliminary Application to enroll in the DROP but have not yet finalized their application to reconsider their decision carefully in light of Council's commitment to provi

Read the full Resolution: Resolution No. 10068800.pdf