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Committee hears testimony for House Bill 73 to create DROP option in OPERS for law enforcement
Summary
Proponents told the House Public Insurance and Pensions Committee HB 73 would create a Deferred Retirement Option Plan (DROP) for OPERS law enforcement members, modeled on programs in OP&F and the Highway Patrol system; witnesses said the change would aid retention and succession planning.
The House Public Insurance and Pensions Committee held a second hearing on House Bill 73, a proposal to create a Deferred Retirement Option Plan (DROP) for law-enforcement members of the Ohio Public Employees Retirement System (OPERS).
Why it matters: Supporters said a DROP program would let experienced officers draw pension payments while remaining employed and deposit those payments into an approved annuity—often for a fixed term—giving agencies more predictable retirement timing and encouraging veteran officers to remain on the job longer.
“House Bill 73 proposes to create a deferred retirement option plan known as DROP for law enforcement officers within the Public Employee Retirement System,” said Chief Robert…
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