Thursday, May 8, 2008

LASERS-Did you know?

The age of a LASERS member and any possibility for an increase in salary should be heavily considered when a member is choosing between the Deferred Retirement Option Program (DROP) or the Initial Benefit Option (IBO)

DROP may not be the best choice for a member who may receive substantial annual salary increases. DROP could be the best choice for a member who does not anticipate a dramatic increase in salary.

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