Deferred Retirement Option Program Brochure
Administrative Guidelines
Entering DROP
This section will provide you with the information needed to enter the DROP. Remember,
the DROP guidelines stipulate that you must provide a 60-day notice of your intent to enter
the program to your department and the Richmond Retirement System (RRS). Therefore, you should
submit your DROP retirement application at least 60 days but no more than 90 days prior to your entry
into the program. Failure to comply with this requirement will delay your request to retire and enter DROP.
Once you have finalized your decision to retire, you may schedule a counseling session to complete your
retirement application or you may mail it to the RRS. You should include the following documents and
information with your retirement packet:
- Provide proof of age, preferably your birth certificate
- If you select a survivor option, also provide a copy of your survivor's birth certificate.
- Photo Identification, if you attend a counseling session
- Social Security number, birth date and address for your beneficiary(ies)
Review the
DROP Entry Checklist
thoroughly. Complete and return the following forms to
Richmond Retirement System
900 E. Broad Street, Room 400
Richmond, VA 23219
The application packet consists of the following forms:
View a sample of a completed DROP entry application.
Exiting DROP
The DROP guidelines stipulate that you should provide a 60-day notice of your intent to exit the
program to your department and the
RRS. Therefore, you should submit your DROP Disbursement Election Form at least 60 days prior to your
last day at work.
Failure to comply with this requirement may delay the disbursement of your benefits.
Review the
DROP Exit Checklist
thoroughly prior to completing and submitting your forms.
Complete and return all applicable forms to the RRS.
All account disbursements will be on the last working day of the month following your exit from the
DROP.
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