Officers working for the Lake Wales Police Department will be able to delay their retirement benefits for eight years now that their plan’s participation period has been extended.
At their meeting on Tues. Oct. 7, Lake Wales city commissioners voted unanimously to approve an ordinance amending the provisions of the Deferred Retirement Option Plan (DROP) for law enforcement officers who continue to work for the city.
Under this amendment, eligible members will be able to participate in DROP, with the participation period extended from five to eight years…