Distribution of DROP

When your DROP participation ends, you will have several options of how you can draw from your DROP account.

• You can take a total lump-sum distribution.
• You can take a partial lump-sum distribution and leave the balance in your DROP account to draw from at a later date.
• You can transfer the balance to another qualified plan.
• You can leave the balance in your DROP account, where it will continue to earn interest. All money remaining in the DROP account must be withdrawn no later than April 1 of the calendar year after you are 70 years, 6 months of age.