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Pension Trust

County of San Luis Obispo

County Employee DROP (Deferred Retirement Option Program)


Tier 1 Members can participate in DROP only one time and for a maximum of five years. Retirement benefits are determined as of the date a Tier 1 Member enters DROP. A DROP account is set up for each participant with a third party administrator. DROP retirement funds cannot be withdrawn until retirement from County service and there are no provisions for emergency or hardship withdrawals under DROP.

To be eligible to participate in DROP, you must be 1) eligible for a service retirement under the Pension Trust and 2) you must be at least age 50, and 3) you must have a minimum of 5 years service credit.  You must also be currently employed in one of the following County Bargaining Units:
 

  • Miscellaneous Members: 01, 02, 04, 05, 07, 08, 09, 10, 11, 12, 13, 14, 17, 21 or 22
  • Safety Members: 03, 07, 10, 14, 15 or 16
  • Probation Officer Members: 07, 08 or 09

To learn more about the DROP please contact our office or refer to Article 26 of the Retirement Plan.
 

Frequently Asked Questions