The Reverse Drop program was added to the PSPRS pension statutes in 2005 during the forty-seventh legislature’s first regular session.  When the bill was signed into law it included a delayed repeal that would sunset the program from and after June 30, 2010.

No legislation was passed during the last legislative session to continue the program.  As a result, the Reverse DROP program will be repealed on 07/01/10. 

So effective July 1, 2010 the Reverse DROP program will no longer be a program option within the PSPRS plan.

This only affects members of the PSPRS plan only.