How is interest calculated and credited to my DROP account?

A DROP participant can elect one of two methods to invest their DROP monies. A DROP participant can either elect to have his/her account monies invested to earn the rate of return received by the Deerfield Beach Municipal Firefighters’ Pension Trust Fund, or he/she may agree to receive a fixed rate of return, and your encouraged to ask the administrator for the current rate of return for this option.
A DROP participant can alternatively choose to earn or lose interest based upon the earnings and losses of the retirement plan as they occur. DROP participants by virtue of their participation authorize the Deerfield Beach Municipal Firefighters’ Pension Trust Fund Board to invest their DROP assets in the same manner as other assets of the Deerfield Beach Municipal Firefighters’ Pension Trust Fund. By participation in the DROP, DROP participants agree to hold the Board of Trustees, the Retirement Fund and the City harmless from any liability claims associated with investment losses, which may occur in the ordinary course of the investment of assets of the Retirement System.