A lost motion valve actuation system includes an engine brake housing and one or more hydraulic fluid supply passages extending through the housing. Master and slave pistons are slidably disposed corresponding bores in the housing. The master and slave pistons are used to provide selective actuation to one or more engine valves. An engine brake rocker arm disposed adjacent to the housing includes a master piston contact surface and a bias mechanism contact surface. A bias mechanism is disposed in the housing and includes a bias piston which extends from the housing. The bias piston biases the rocker arm out of contact with an engine cam during select engine operation modes, such as during a positive power mode of operation. The bias piston may be mechanically or hydraulically repositioned to permit the rocker arm to contact the engine cam during a second mode of engine operation, such as an engine braking mode.