b'LAFD Photo (Gary Apodaca)All eligible sworn members of the Department of Airports hired on or after January 7, 2018, become members of Tier 6. Airport Peace Officers hired prior to January 7, 2018, were provided the option to transfer to Tier 6 from LACERS effective January 7, 2018.Measure FF, approved by City voters on November 5, 2024, amend-ed the City Charter to allow sworn peace officers employed by the Airports, Harbor, Police, and Recreation and Parks Departments, to voluntarily transfer from LACERS to LAFPP Tier 6. Eligible employees who elect to transfer from LACERS will do so effective January 11, 2026.DEFERRED RETIREMENT OPTION PLANEffective May 1, 2002, the System began administering a Deferred Retirement Option Plan (DROP). DROP is a voluntary program where-by a member with a minimum of 25 years of service (members of Tiers 3, 5, and 6 must also be at least age 50) may file for a service pension but continue to work and earn salary and receive benefits as an active employee. The monthly service pension benefit is depos-ited into an interest-bearing account (5% per annum), payable upon exiting DROP. Participation in DROP is normally limited to a maximum of five years. All eligible members of the System, except the Fire and Police Chiefs, may elect to participate in DROP.DROP must be cost neutral with regard to plan funding and the City is required to conduct an actuari-al study at least every five years to determine whether the program is maintaining cost neutrality and/or meeting the Citys goal of retaining sworn personnel. SECTION 6STATISTICAL 119'