Inweekly has requested the DROP (Deferred Retirement Option Program) database from the Florida Retirement System. It will take a couple days to receive the info, but we found the May 2014 database.
DROP allows employees on the public payroll to boost their retirement savings while continuing to work. In theory, the program encourages retirement of highly paid, senior employees to make room for advances among younger, lower-paid employees.
When an employees enter DROP, their retirement benefits stop accruing, which saves money for the public agency that employs them.
The list below includes county, school board, City of Gulf Breeze, Pensacola State and University of West Florida. The City of Pensacola switched to the FRS in the past few years and has no in the state DROP.
The City of Pensacola rejected our first request for DROP information. We’ve requested again the information in several different formats. In about week, we will hear whether the city will release the information.
Several of the employees on the list below have retired since May 2014. A few may not have hit their DROP date and are still employed. The state does not track whether the employee has been rehired.
The majority of these employees are not retiring wealthy.
If an elected official, like Superintendent Malcolm Thomas decides to run for office again, the DROP accrual is frozen until the official retires.
We will post the latest DROP data as soon as we receive it.
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