May 01, 2017 16:01 Follow No. The DROP does not currently include an expiration date. Related articles Can I change my mind while in the DROP and decide to retire earlier than or later than the retirement date I elected at the time I entered the DROP? I am retired and left my annuity savings account with the Indiana Public Retirement System at the time I retired. Do I have to take a distribution of my account once I reach age 70 ½? How will my DROP benefits be taxed when I retire? If I choose to participate in the DROP and receive DROP benefits at retirement, will there be cost-of-living adjustments? What is my PERF pension benefit?