MOU Fiscal Analysis: Bargaining Unit 8 (Firefighters)

Aug 19, 2025 - CAAP identified some specific behavioral changes that can occur when a DROP is offered that can affect the cost of the benefit including (1)  members might postpone retirement longer due to the financial advantages of DROP, (2)  the member might make the decision to enter DROP and the decision of their final retirement date to coincide with personal financial goals or market conditions, and (3)
https://lao.ca.gov/Publications/Report/5066