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Committee holds first hearing on bill to add DROP for OPERS law‑enforcement members
Summary
The House Public Insurance and Pensions Committee heard sponsor testimony on House Bill 73, which would let OPERS law‑enforcement members participate in a Deferred Retirement Option Plan (DROP) for up to eight years to improve parity with other law‑enforcement retirement systems; no vote was taken.
The House Public Insurance and Pensions Committee held a first hearing on House Bill 73, which would require the Ohio Public Employees Retirement System (OPERS) to establish and administer a Deferred Retirement Option Plan (DROP) for OPERS law‑enforcement (PERS LE) members.
Representative Hall, a sponsor, told the committee the bill was brought by sheriff's deputies who currently lack the option and said the proposal is modeled after DROP programs already in place for the Ohio State Highway Patrol Retirement System and the Ohio Police and Fire…
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