IN HB1300

Members of the 1925 police pension fund, 1937 firefighters' pension fund, 1953 police pension fund (Indianapolis), and 1977 police officers' and firefighters' pension and disability fund may withdraw from the Deferred Retirement Option Plan (DROP) before their scheduled retirement date and re-enter the DROP for a second time

A minimum 3-year waiting period is required after withdrawing from DROP before a member can elect to enter the DROP again

Members are limited to entering the DROP a maximum of two times in their lifetime

When a member enters DROP for a second time, the DROP entry date and retirement date are recalculated based on the most recent election

Effective date: July 1, 2026