Florida DROP Answers
Plain-English answers about the Florida Retirement System and the Deferred Retirement Option Program (DROP). Every fact is linked to frs.fl.gov.
Checked against frs.fl.gov (2026 DROP Guide, DP-11 rev 08/26) · Last reviewed
Short answer: DROP lets eligible FRS Pension Plan members retire on paper, keep working up to 96 calendar months, and build a lump sum that earns 4.00% a year before they leave. [FRS 2026 DROP Guide, p.3] [FRS 2026 DROP Guide, p.6]
Quick DROP Answers
Who is eligible for Florida DROP?
Who can join the FRS DROP
How long can you stay in DROP? (96 months, not 60)
The DROP time limit
What interest rate does a DROP account earn?
DROP interest rate
DROP termination and the 6-month reemployment rule
Ending DROP and going back to work
DROP payout options: lump sum, rollover or both
How you get your DROP money
How does DROP affect your FRS pension?
DROP and your monthly benefit
How to apply for DROP with Form DP-11
Applying for DROP
DROP: Investment Plan vs Pension Plan
Can Investment Plan members use DROP?
DROP for Special Risk vs Regular Class
Special Risk and DROP
DROP beneficiaries, death and divorce
If you die or divorce during DROP