[quote=sdrealtor]What is a public DROP program and why would I be envious of one?[/quote]
Deferred Retirement Option Program, various programs have been adopted across the country to encourage early retirement of employees with >20 years of service. (I think the SDPD program requires more than 25 years of service.) The programs usually require actual retirement within 2 years of entering the program, with some combination of increased current and/or retirement benefits, but sometimes with immediate termination of future increases in benefits. For many employees it ends up being work less and get more. For employers, it theoretically saves money because older workers are replaced with younger employees with materially lower annual pension costs.
