This interactive webinar from NCPERS will delve into the growing popularity of Deferred Retirement Options Programs (DROPs) among public safety members, especially as some advocate for their use to mitigate staffing shortages. Hank Kim, Executive Director of NCPERS, will moderate the discussion with Aaron Chochon, Senior Actuary at CavMac, and Ryan Gundersen, Senior Consultant at CavMac (formerly Cavanaugh Macdonald). 

CavMac will explore how different DROP designs can be tailored to specific needs and discuss a range of topics, including the comparison between Standard DROP and Back DROP options, eligibility requirements, allowable participation periods, and their irrevocability of member elections and several other important provisions. Additionally, the discussion will cover how much of the accrued benefit should be credited to DROP accounts, interest crediting rates, cost-of-living adjustments, and both employee and employer contributions. 

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