Ruckelshaus, Kautzman, Blackwell & Bemis, LLP
Attorneys at Law
June 21, 2019
Dear Brothers and Sisters,
I am pleased to inform you that INPRS Legal has determined the new benefit percentage (52%) will apply to all retirements with a retirement effective date of 7/1/2019 or later. This will include DROP retirements where they entered the DROP prior to 7/1/2019.
The base used for the DROP benefit calculation will be the higher base amount per SB 85. For example, a 20 year member entering the DROP prior to July 1, 2019 that exits the DROP after that date, will receive a DROP benefit calculated at 52% not 50%.
This is a huge benefit for our members currently in DROP and another example of what the FOP has helped to accomplish for its members.