Pompano Beach General Employees Retirement System

Pompano Beach General Employees Retirement System

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Under Florida law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public-records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.

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Chairman's Message


The acronym DROP stands for Deferred Retirement Option Plan. It is a benefit that was negotiated between the City and the Union. You must be eligible for normal retirement to be eligible for DROP. It works like this. You retire on paper. You contact the plan administrator and notify your employer that you are retiring and entering the DROP plan. You have papers to sign and will need to select a form of benefit. The next day you report to work under the same conditions that you worked under the day before. The difference is that your pension check is held for you by the pension plan. You will earn an interest rate that matches the assumed rate of return that is determined each year by the plan's actuary. You will no longer need to contribute to the pension plan, you will no longer be earning credited service and you will be able to cash in your unused sick time according to your contract. When you separate from service, you will receive the amount of money in your DROP account, and your regular monthly pension benefit. In order to determine if DROP is right for you, we recommend that you consult with your financial professional. DROP is not for everyone. The pension plan cannot determine this for you.

George Mitchell, Chairman
March 29, 2013

Subsequent articles will be posted on our website www.pompgers.org from time to time.