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? How do I retire from the Public Employees' Retirement Fund? If my last day of work is January 1, when is my retirement date? How do I begin participating in the DROP?