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…
Tag: DROP
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.