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A report recently released by the Buckeye Institute attacks the Deferred Retirement Option Plan (DROP) which has been in place at the Ohio Police & Fire Pension Fund (OP&F) since January 2003. The report contains many claims and misrepresentations about the DROP, OP&F and Ohio’s public safety forces.
OP&F has responded to the report with a letter to the Buckeye Institute and correct information in rebuttal to the most flagrant of the errors included in the report. You may read OP&F’s response at the link listed below.
This response has also been shared with statewide news media, who may have questions after reading the Buckeye Institute report.
DROP was designed as a benefit enhancement for OP&F members to save a lump sum of money for retirement and to keep experienced police officers and firefighters on the job. DROP is a popular option for our members, is administered properly and has proven to be a cost-neutral program to OP&F.
For more in depth information click here.
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