Notice of DROP Cancellation

About this form

To cancel your election to participate in the Deferred Retirement Option Plan (DROP) you must be:

• Within 30 days of OP&F's receipt of your DROP Election Form; or
• Within 30 days of a written notice from OP&F indicating that the actual pension amount to be credited to DROP

would be 10 percent lower than the last written estimate previously prepared by OP&F. Prior to DROP enrollment, you may contact OP&F to request a written estimate of the pension benefit to be credited to DROP. The 10 percent discrepancy will be based on the latest written estimate prepared by OP&F. The discrepancy will not be based on estimates generated from either of the benefit calculators located on OP&F's Web site, even if OP&F printed the web estimate for you.

If you cancel your DROP election, it is irrevocable. As a result, it is as if you had never participated in DROP, even though you can apply to participate in DROP at a later time, upon terms in effect at that time.

Download this Form

• Notice of DROP Cancellation
  Last update: 10/30/2006 File size: 39 Kb Download speed @ 28.8K/second: 0 minutes