For an August 1 DROP entry date, the deadline to apply and submit all required paperwork is Monday, July 15, 2024.
What Is DROP?
DROP allows ERFC Legacy members who are eligible for an unreduced retirement the option to retire for purposes of the ERFC pension plan while continuing to work full time for FCPS and receive a salary for a maximum of five years.
While you'll no longer contribute to or earn additional years of service for your ERFC pension, you will continue contributing to your VRS pension.
Once you enter DROP, your monthly ERFC pension benefit will go to an interest-bearing DROP account that's payable to you at the end of the DROP period. When you exit DROP, you’ll receive the funds in your DROP account and your monthly ERFC pension will start going to you via direct deposit.