DROP distribution deadlines for 2023

For members who are retired and participate in the Deferred Retirement Option Plan (DROP), OP&F has specific deadlines on when to submit a distribution request in order to receive the funds in the 2023 calendar year.

For DROP distribution requests of $300,000 or more, DROP Distribution Request Forms had to be submitted to OP&F by Nov. 15 in order to ensure the DROP distribution is issued this year. DROP distribution requests for less than $300,000 must have been received by Dec. 8 in order to issue the distribution this year.

OP&F will not be issuing any distributions from Dec. 18 through Dec. 31. All 2023 distributions will need to be processed and issued on or before Friday, Dec. 18. Forms received after the cutoff dates may not be issued until after Jan. 1, 2024.