May 04, 2017 14:46 Updated Follow No, you may only make one DROP election in your lifetime. There is no provision to amend an existing DROP election. 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? What is tax basis? How do I apply for disability benefits (1977 Fund)? Is there an exception to the five-year inactive rule?