In reviewing the Individual DROP Account statements for the City of Pensacola’s General Pension, we found several employees who have completed the Deferred Retirement Option Program (DROP) and are still working for…
Tag: DROP
Pensacola Police Department DROP
When it comes to DROP, the Pensacola Police Department appears to be in better shape than the Fire Department. Only 14 employees in the Police Pension program have entered the Deferred Retirement…
Pensacola Fire Department Drop
The City of Pensacola Sunshine Center released after hours on Tuesday the Individual DROP (Deferred Retirement Option Plan) Account statements for 20 firefighters in the program. Those 20 firefighters account nearly one…
City of Pensacola releases DROP data
Thanks to the intervention of the State Attorney’s Office, the City of Pensacola Sunshine Center released the Individual DROP (Deferred Retirement Option Program) Account Statements for 63 city employees in its three…
DROP report for ECUA and Escambia County School District
This information was provided by the Florida Department of Management Services after Inweekly made a verbal request for the Florida Retirement System’s Deferred Retirement Option Program (DROP) database. The newspaper was told…
County DROP report
The Florida Department of Management Services provided Inweekly its database for the Deferred Retirement Option Program (DROP). The file had 656 names for Escambia and Santa Rosa counties. The spreadsheet listed names,…
City of Pensacola refuses to provide DROP data
The City of Pensacola has refused our request for additional information to clarify our original DROP request. On Saturday, we asked: “Please tell us what records are kept on DROP so that…
Quest for City DROP records continues
On Aug. 3, Inweekly made the same public record request of the Florida Department of Management Services (DMS) and the City of Pensacola. We didn’t intend it to be a test, but…
City of Pensacola hands over DROP list, sort of
At 5:05 p.m. on Friday, Aug. 5, the City of Pensacola’s “Sunshine Center” sent Inweekly its reply to our request for “List of city employees who have completed DROP since Jan. 1,…
No problem getting State FRS DROP info
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….
FRS faces massive wave of DROP enrollees
By LLOYD DUNKELBERGER THE NEWS SERVICE OF FLORIDA Despite a topsy-turvy year in the world financial markets, Florida’s $142 billion pension fund managed to show a gain for the seventh straight year….
City refuses to release pension information
Inweekly requested last week information on the City of Pensacola employees who have retired and later rehired – process known as “double-dipping.” The employee enters DROP (Deferred Retirement Option Program), completes the…
Questioning the DROP of Rusty Wells
This email has been sent to the Pensacola City Council. DROP stands for Deferred Retirement Option Program. City employees are allowed to announce their retirement date and begin collected retirement checks (in…
Gaetz aims to stop double-dipping
Sen. Don Gaetz has filled a bill with Sen. Mike Fasano that will stop public officials from collecting a paycheck and a pension, known as Double-dipping. The bill was approved Tuesday by…
Gaetz sponsors bill to halt double dipping
The Daily News reports that State Sen. Don Gaetz (R-Niceville) is sponsoring Senate Bill 1182 “to end what I consider to be the abuse of the DROP system.” The bill would prohibit…
BTW: DROP program cost $2 mil
As per the City of Pensacola’s CAFR: the Deferred Retirement Option Program (DROP) cost us $1,957,764 in 2008.