Statement: “(Carl DeMaio) also proposes eliminating the Deferred Retirement Option Plan (DROP), which costs the city approximately $150 million annually by allowing city employees to return to a salaried job while concurrently drawing their retirement payouts,” Carl DeMaio, San Diego councilman and mayoral candidate, on his campaign website.
Analysis: There’s no more notorious pension benefit than DROP. The benefit allows employees to retire but keep working and earn a salary. They also earn a pension, which accrues in an account and later is paid out with interest.
Fact Check: DeMaio Wrong on Pension Numbers
['San_Diego', 'Carl_DeMaio']