Designing a DROP that Doesn’t Drop Your Funded Percentage

Please note that this session was recorded live at the 2025 Trustee School, and some audio may not have been captured during the recording.
 
Session Summary: With the challenges of attracting/retaining talent intensifying over the last several years, Deferred Retirement Option Plans ("DROP") considerations are on the rise. This session will cover how to optimally design a DROP program that considers the needs of participants, employers, and plans.
 
Presenter:
Eric Atwater, FSA, CFA, MAAA, EA
Partner, Public Sector Retirement Practice Leader
Aon

Credits: This course is worth 1.0 GAPPT CEC (Continuing Education Credit). It also qualifies for 0.1 IACET CEU (Continuing Education Unit).
Instructions: Participants must watch the session video presentation and pass the session assessment to earn GAPPT CECs and IACET CEUs.
Prerequisites: None.
Equipment Requirement: Computer, tablet or smartphone and internet access. To avoid issues, please use Google Chrome as your browser.

Cost: Member Registration: $80.00 / Non-Member Registration: $120.00
 

FAQ

In this session, participants will learn to:

  • Discuss the history, latest trends, and innovations with Deferred Retirement Option Plans ("DROPs")
  • Describe what it means for a DROP to be cost-neutral, and how features of the DROP and participant behavior can impact cost neutrality. 
  • Identify how various design elements impact the potential costs of delivering a DROP program.
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