What is a Deferred Retirement Option Plan (DROP)?

DROP is a provision in public sector plans which allows you to have your monthly retirement benefit credited to a separate account while you continue to work. Originating in the state of Louisiana, the DROP provision has allowed many employees the opportunity to leave their jobs with potentially large lump-sum accumulations.

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Raymond James does not provide legal or tax advice. We recommend you consult your legal and/or tax advisor before making investment decisions. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.