Applying for the BackDROP
No paperwork is required when you first become eligible for normal retirement. You simply keep working in a benefit eligible position for at least two more years. You are not required to take any action related to the BackDROP until you actually retire.
When you do decide to retire, you will receive a Retirement Election Form. You will make your BackDROP and benefit payment option elections on this form.
Benefit estimates will be mailed with your election form. One will provide estimates of your monthly retirement benefit with the BackDROP, and the other will estimate your monthly retirement benefit without the BackDROP. These benefit estimates will provide the information needed to complete your election form.
Monthly Retirement Benefit
If you elect the BackDROP, your monthly retirement benefit will be calculated using your final average pay (FAP) and creditable service as of the BackDROP date.
If you do not elect the BackDROP, your monthly retirement benefit will be calculated using your final average pay and creditable service as of your actual retirement date. You are not required to elect the BackDROP regardless of how long you work beyond normal retirement eligibility - that decision is up to you.