How does DROP affect your FRS pension?

DROP and your monthly benefit

When you enter DROP you are retired and stop earning retirement service credit. [FRS 2026 DROP Guide, p.3]
After DROP you get your monthly benefit in the same amount determined at retirement, plus any applicable COLA. [FRS 2026 DROP Guide, p.3]
Once DROP begins you cannot add service credit, change your option, or change your type of retirement. [FRS 2026 DROP Guide, p.17]
COLA: members retiring on/after July 1, 2011 get a prorated COLA based on pre-July 2011 service; those first hired on/after July 1, 2011 get 0%. [FRS 2026 DROP Guide, p.7]
Benefit formula: years of service × percentage value × average final compensation. [FRS 2026 DROP Guide, p.8]
Up to 500 hours of annual leave paid when you enter DROP can count in your benefit; leave paid at the end does not. [FRS 2026 DROP Guide, p.8]
You cannot receive the Health Insurance Subsidy (HIS) while in DROP; you apply with Form HIS-1 afterward. [FRS 2026 DROP Guide, p.25]