Purpose and Duration
San Diego Municipal Code § 24.1401
in effect§24.1401 Purpose and Duration
(a) Effective April 1, 1997, a deferred retirement option plan (DROP) is created and offered to Members as an alternative method of benefit accrual in the System as set forth in this Division.
(b) DROP is created to add flexibility to the System and its Members. It provides Members who elect to participate in DROP access to a lump sum benefit at the time of their actual retirement, in addition to their normal monthly retirement allowance. DROP is intended to be cost neutral.
(c) DROP was initially offered on a trial basis for a period of three years beginning on April 1, 1997. DROP became a permanent benefit effective April 1, 2000.
(Amended 6–18–2002 by O–19071 N.S.)
(Amended 6-10-2014 by O-20376 N.S.; effective 7-10-2014.)
Source: City of San Diego Office of the City Clerk, San Diego Municipal Code and City Charter (docs.sandiego.gov PDFs)URL: https://docs.sandiego.gov/municode/MuniCodeChapter02/Ch02Art04Division14.pdf#page=1Fetched: 10/28/2026