Generally.
Denver Revised Municipal Code § 18-422
in effectSec. 18-422. - Generally.
(a) Effective January 1, 2001, in lieu of immediate termination of employment and receipt of a normal retirement benefit, a member may continue employment for four (4) years and have the member's normal retirement benefit paid into the deferred retirement option plan (DROP) account until the end of such period of the member's participation, at which time the participant may either terminate employment or continue to be employed and resume regular membership with the retirement plan. Subject to the conditions and provisions stated in this article, a member may elect to become a participant in the DROP and defer the commencement and receipt of the member's retirement benefit.
(b) The board of trustees of the Denver Employees Retirement Plan shall develop and establish the DROP 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 this DROP.
(c) The DROP permits active members who have never received a retirement benefit under the plan provisions and 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 period) and participate in the DROP.
(d) A participant of the DROP shall continue to be an active employee for all intents and purposes but shall not be an active member of the plan for the period in the DROP (and shall not receive any retirement benefits which shall include any and all benefits provided under division 2 of this article). Nevertheless, the participant shall earn no additional service credits or benefits under the plan during the four-year period in the DROP.
(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_DIV3DEREOPPLMEDEEMREPL_S18-422GEFetched: 10/27/2026