Your designated beneficiary(ies) will be eligible to receive the balance credited to your DROP account at the time of your death.
If you enter DROP and have an ERFC-approved Domestic Relations Order (DRO) on file, the court-ordered portion of your benefits payable under ERFC assigned to your former spouse through the court-entered DRO will include the same portion of your DROP account balance unless otherwise stated in the court-entered DRO. If the DRO on file does not specifically address the assignment of benefits during DROP, you and your former spouse will receive a letter explaining how ERFC will apply the DRO regarding your DROP account balance. Please be aware, the date you enter DROP is your ERFC retirement effective date, and your pension benefits will be payable as of that date (although credited to your DROP account until you exit DROP).
If you choose to apply and are approved to enter DROP, during your participation, an amount equal to your monthly pension amount will be credited to your DROP account. You can only access the funds credited to your DROP account when you exit DROP.