Form DP-ELE Notice of Election to Participate in the Deferred Retirement Option Program (Drop) and Resignation of Employment - Florida

What Is Form DP-ELE?

This is a legal form that was released by the Florida Department of Management Services - Florida Retirement System - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the DP-ELE form?
A: The DP-ELE is the Notice of Election to Participate in the Deferred Retirement Option Program (DROP) and Resignation of Employment form in Florida.

Q: What does the DP-ELE form allow a person to do?
A: The DP-ELE form allows a person to elect to participate in the Deferred Retirement Option Program (DROP) and resign from their current employment.

Q: What is the Deferred Retirement Option Program (DROP)?
A: The Deferred Retirement Option Program (DROP) is a program that allows eligible Florida Retirement System (FRS) members to retire and maintain employment for a specified period while their retirement benefits are held in a separate account.

Q: Who can participate in the DP-ELE program?
A: Only eligible Florida Retirement System (FRS) members can participate in the DP-ELE program.

Q: What is the purpose of the DP-ELE form?
A: The purpose of the DP-ELE form is to formally notify the employer of the member's intention to participate in DROP and resign from employment.

Q: Is participation in DROP mandatory?
A: Participation in DROP is optional and not mandatory.

Q: Is resigning from employment required to participate in DROP?
A: Yes, resigning from current employment is a requirement to participate in DROP.