Suspension of Enrollment into DROP

(Jan. 12, 2015) The court decision against the Dallas Police and Fire Pension System (DPFP) in regard to the lawsuit with respect to the 2014 Plan amendment election also impacts new enrollment in DROP. Because DROP has become an actuarial loss to the pension fund and the fact that we now cannot implement the Plan changes intended to remedy to this issue, Section 6.14(k) of the Plan requires that no new Members or Pensioners (who were not previously deferring monthly pension to DROP) may enroll in DROP. The Board chose not to terminate new DROP enrollment at this time because of the pending appeals, but decided to only suspend new enrollment in DROP pending the final outcome of the appeals so that enrollment may again be open if/when DPFP wins the final appeal.

For more information, call a Benefits Counselor at 214.638.3863.

Dallas Police & Fire Pension System
4100 Harry Hines Boulevard, Ste. 100
Dallas, Texas 75219

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