D a l l a s P o l i c e a n d F i r e P e n s i o n S y s t e m  

DROP Policy

  • On 1/12/17, the Board adopted an amendment to the DROP Policy to allow for DROP distributions, anticipated to begin in March 2017, as well as the payment of monthly installments for the months of January and February and a pro-rata distribution of $6.6 million to members with outstanding DROP lump sum requests. A statement regarding the 1/12 board action can be seen HERE.
  • A summary of the DROP Policy amendment can be seen HERE.
  • The DROP Policy Addendum can be found HERE.
  • A written communication was mailed to all members with a DROP account on 1/23 discussing these changes. In this mailing, Retirees with a DROP account have been provided with a DROP Distribution Election form in which the election for the minimum annual distribution and/or the potential pro-rata distributions are included. The form is also available on our website HERE.





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