Thursday, August 9, 2007

LASERS-Did you know?

DROP/IBO account funds may be paid to you monthly, yearly, in a lump sum, or rolled over to an IRA or other qualified plan.

The money in your DROP/IBO account must be withdrawn within your expected lifetime in accordance with IRS rules. You must terminate employment with the State of Louisiana for at least 30 consecutive days to begin withdrawals from your DROP/IBO account.