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U027_7/30/2018FormApplication to Enter DROP (Deferred Retirement Option Program) Original application must be received by the Retirement Systems office AT LEAST 60 days prior to DROP enrollment date.
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How to fill out deferred retirement option program

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How to fill out deferred retirement option program

01
Contact your human resources department to inquire about eligibility for the Deferred Retirement Option Program (DROP).
02
Review all the necessary paperwork and documentation required to apply for DROP.
03
Fill out the application form with accurate and up-to-date information.
04
Submit the completed application along with any supporting documents to the designated department or individual.
05
Attend any mandatory information sessions or meetings regarding the DROP program.
06
Await approval or denial of your application and follow up as needed.

Who needs deferred retirement option program?

01
Employees who are eligible for retirement and are interested in continuing to work for a designated period while accruing additional retirement benefits.
02
Individuals looking to bridge the gap between retirement eligibility and full retirement by participating in a structured program.
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Deferred Retirement Option Program (DROP) is a program that allows eligible employees to continue working for a specified period after becoming eligible for retirement, while their retirement benefits are deposited into an interest-bearing account.
Employees who are eligible for retirement and choose to participate in the DROP program are required to file the necessary paperwork.
Employees can fill out the necessary paperwork for the Deferred Retirement Option Program through their Human Resources department or retirement office.
The purpose of the Deferred Retirement Option Program is to provide employees with the opportunity to continue working while their retirement benefits accrue in an interest-bearing account.
The Deferred Retirement Option Program typically requires information such as employee information, retirement date, and account details for the deposit of retirement benefits.
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