Police Officers’ 401(a) DROP Review

Deferred Compensation Plans Committee · 2026-06-03 · agenda_item

The Deferred Compensation Plans Committee for the City of Delray Beach is reviewing the Police Officers’ 401(a) Deferred Retirement Option Plan (DROP). This review is currently pending and represents an early stage in the civic process. While no specific construction or development is outlined, this review could lead to future policy changes or administrative adjustments affecting the plan. Such changes might involve financial planning, investment management, or administrative services related to the plan. Businesses specializing in financial services, investment advisory, and potentially legal services related to public employee benefits could find opportunities as this review progresses. Engaging early allows providers to understand the potential scope and offer their expertise as the city considers its options.