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Sarasota police pension trustees approve six DROP requests effective April 1, 2026
Summary
The Sarasota Police Officers Pension Plan Board of Trustees unanimously approved six requests to enter the DROP (deferred retirement option program), including one 100% joint-and-survivor election; each motion was moved, seconded and recorded during the April 23, 2026 meeting.
The Sarasota Police Officers Pension Plan Board of Trustees approved six requests to enter the DROP effective April 1, 2026, during its April 23 regular meeting. The retirees and their elected pension options were read into the record and each motion carried unanimously.
Deborah (the clerk) read the retirement requests. Lewis Buck requested DROP entry effective 04/01/2026 at age 53 after 15.42 years of service and elected the lifetime-only pension option; the trustees voted yes to approve. Megan Buck requested DROP entry effective 04/01/2026 at age 50 after 20.75 years of service and elected the lifetime-only pension option; the motion passed unanimously. Kimberly Laster requested DROP entry effective 04/01/2026 at age 49 after 26.56 years of service and elected the lifetime-only option; trustees approved. Maria Laboyo requested DROP entry effective 04/01/2026 at age 60 after 28.19 years of service and elected the 100% joint-and-survivor pension option; the board approved that election. Jeffrey Miller’s request to enter the DROP effective 04/01/2026 at age 51 after 26.18 years of service was read and approved. After an administrative omission was identified and corrected, Angela (Angie) Cox’s request to enter the DROP effective 04/01/2026 at age 56 after 10.93 years of service (lifetime-only pension) was read and unanimously approved.
Each retirement request was presented as an individual motion, seconded and recorded on the meeting record. Roll call during the votes recorded affirmative responses from Chair Beatty, Vice Chair Rosnagle, Secretary Treasurer Griggs, Trustee Jody Hudgins and Trustee Grant Hudgins. The board offered brief congratulations to the retirees before moving on to investment presentations.
No additional financial details about the projected impact of these DROP elections on plan liabilities were provided during the meeting; such analyses were not specified in the materials discussed.
