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Understanding the DROPs Government Employee Retirement Program
14
May
Understanding the DROPs Government Employee Retirement Program
Government employees, such as teachers, firefighters, police, and others, often consider working after their eligible retirement age. Especially when presented with a deferred retirement option plan (DROPs) offer. A DROP program is a tax-advantaged retirement plan. It provides employer monies in exchange for the employee continuing to work past retirement. In a DROP program, the employer sets aside an annual-lump