City Paper has a gigantic take-out on DROP (it's called "The Billion Dollar Boondoggle," if you want to get a sense of its argument) by Ralph Cipriano, and a helpful chart called "DROP for dummies" if you want to get the lay of the land of the DROP discussion. The article begins with a basic summary of the outrage that is DROP for elected officials:
If Verna runs for office again in 2011 and wins, she can retire for one day, make a deposit at the bank, and then go back to work the next day, Jan. 15, 2012, and resume collecting her salary of $148,090. Or Verna, who will be 80 years old, could stay retired and collect her annual pension of $133,701. Either way, Verna will be a lot richer. And all she had to do to earn that big cash bonus was sign a city contract scheduling a future retirement date she's perfectly free to ignore.