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DROP Retirement Forms Please read the following information carefully What is DROP (Deferred Retirement Option Program)? The program allows you to retire and begin accumulating your retirement benefits
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The Retirement DROP (Deferred Retirement Option Plan) program is a retirement savings plan that allows employees to accumulate benefits in a fund while still actively working.
Employees who are eligible for the DROP plan and choose to participate must file the appropriate documentation.
To fill out the Retirement DROP plan, eligible employees must complete the application form provided by their employer and submit any required supplementary documents.
The purpose of the Retirement DROP plan is to allow employees to continue working while deferring their retirement benefits, enabling them to maximize their retirement savings.
The plan requires reporting personal information, employment details, the intended retirement date, and any beneficiaries.
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