Government Pension Health Welfare Funds Forms for Philadelphia
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FAQ
Retiring in Pennsylvania You qualify for these full monthly retirement pension benefits if you meet the following requirements: At age 65 with three years of service. If your age and 35 years of service added together equal 92.
The DROP program stands for Deferred Retirement Option Plan. It is a program that was designed to keep firefighters from retiring too early and putting a strain on the city to hire and train new firefighters.
DROP is an enhancement to your current pension plan. When you elect to participate in DROP, you cease to make contributions to the Retirement System, and your monthly pension benefit is calculated as of the day before your DROP enrollment date.
Municipal (civilian) employees are eligible to retire at age 60 after having completed 10 years credited service. Elected Officials are eligible to retire at age 55 after having completed 10 years of credited service.
A DROP is an option provided to active participants of certain retirement plans. It allows members who elect DROP the option to continue to work beyond their Normal Retirement Date and convert part of their retirement benefit into a lump sum.
If you have questions, need information or want to apply for benefits, visit , visit your local office or call 1-800-772-1213.