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DROP

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Deferred Retirement Option Program (DROP)

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The Deferred Retirement Option Program (DROP) provides you with an alternative method for payment of your retirement benefits for a specified and limited period if you are an eligible Florida Retirement System (FRS) Pension Plan member.

 

Under this program, you stop earning service credit toward a future benefit, have your retirement benefit calculated at the time your DROP period begins and your monthly retirement benefits accumulate in the FRS Trust Fund earning interest while you continue to work for an FRS employer.

 

Upon termination, your DROP account is paid to you as a lump sum payment, a rollover or a combination partial lump sum payment and rollover. Monthly benefits are paid to you in the amount as calculated upon entry into DROP, plus any applicable cost-of-living adjustments for intervening years.

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Barlas Chambers O’Reilly Wealth Management, LLC (“RIA Firm”) is a registered investment adviser located in Tarpon Springs, FL. Barlas Chambers O’Reilly Wealth Management, LLC may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Barlas Chambers O’Reilly Wealth Management, LLC web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Barlas Chambers O’Reilly Wealth Management, LLC web site on the Internet should not be construed by any consumer and/or prospective client as RIA Firm Name’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Barlas Chambers O’Reilly Wealth Management, LLC with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Barlas Chambers O’Reilly Wealth Management, LLC, please contact the state securities regulators for those states in which Barlas Chambers O’Reilly Wealth Management, LLC maintains a registration filing. A copy of Barlas Chambers O’Reilly Wealth Management, LLC current written disclosure statement discussing RIA Firm Name’s business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.gov or from Barlas Chambers O’Reilly Wealth Management, LLC upon written request. Barlas Chambers O’Reilly Wealth Management, LLC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Barlas Chambers O’Reilly Wealth Management, LLC web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

This website and information are provided for guidance and information purposes only.  Investments involve risk and unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy.  This website and information are not intended to provide investment, tax, or legal advice.

 Insurance products and services are offered and sold through Barlas & Chambers, LLC and individually licensed and appointed insurance agents.

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