Generally.
Denver Revised Municipal Code § 18-430
in effectSec. 18-430. - Generally.
(a) Subject to the conditions and provisions stated in this article, effective May 1, 2003, in lieu of immediate termination of employment and receipt of a normal retirement benefit, a member may elect to become a participant in the new five-year deferred retirement option plan (DROP II). The member may continue employment up to five (5) years and participate in the DROP II and have the member's retirement benefit paid into the DROP II account. As a condition of entry into the DROP II the member shall irrevocably agree to terminate employment with the employer at the end of the participation in DROP II.
(b) The board of trustees of the Denver Employees Retirement Plan shall develop and establish DROP II for eligible members of the Denver Employees Retirement Plan. The board may develop, adopt, and establish rules, regulations and procedures to efficiently facilitate the administration of DROP II.
(c) DROP II permits active members who have never received a retirement benefit under the plan provisions and who are eligible for a normal retirement benefit under the plan to continue active employment (but not be an active member of the plan for the DROP II period) and participate in DROP II. A member who has participated in DROP under division 3, article XII, and chapter 18 shall be ineligible to participate in DROP II set forth under this section.
(d) A participant of DROP II shall continue to be an active employee for all other purposes but shall not be an active member of the plan for the period in DROP II (and shall not directly or constructively receive any retirement benefits, which shall include any and all benefits provided under division 2 of this article). Further, the participant shall earn no additional service credits or benefits under the plan during the member's participation in DROP II.
(Ord. No. 960-05, § 1, 12-19-05)
Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH18EMOFPABE_ARTXIIRE_DIV4ANAMDEREOPPLDRIIMEDEEMREPL_S18-430GEFetched: 10/27/2026