House Sponsors: SMITH,MICHAEL. Short description: PEN CD-DNST POL-DROP PLAN Synopsis of Bill as introduced: Amends the Downstate Police Article of the Illinois Pension Code. Provides for a Deferred Retirement Option Plan (DROP), under which a police officer who is at least age 50 with 20 years of service may continue in active service for up to 3 years while having his or her retirement pension paid into a special account, to be distributed to the police officer upon retirement. Bases the retirement pension on the police officer's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status