Deferred retirement option plan.

Latest bill text (Comm Sub) [PDF]


Deferred retirement option plan. Allows a member of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), or 1977 police officers' and firefighters' pension and disability fund to withdraw from the deferred retirement option plan (DROP) and make an election to enter the DROP for a second time not earlier than three years after the date the member withdrew from the DROP. Provides that a member may make an election to enter the DROP only twice in the member's lifetime.


Authored by Representative Smith V

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Introduced2024-01-09 Click To View


Date Chamber Action
2024-01-09HouseFirst reading: referred to Committee on Employment, Labor and Pensions
2024-01-09HouseAuthored by Representative Smith V