mctoe Posted October 19, 2016 Report Share Posted October 19, 2016 Does anyone know if interest must be credited to DROP money? Or is based on the plan document/agreement? Link to comment Share on other sites More sharing options...
Carol V. Calhoun Posted October 26, 2016 Report Share Posted October 26, 2016 In the case of a governmental plan, it would be based on the plan document, except to the extent that applicable state law would require crediting of interest. Of course, since the idea behind DROP is to encourage people to stay beyond when they could otherwise receive retirement benefits, not crediting interest could undercut that goal. mctoe 1 Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances. Link to comment Share on other sites More sharing options...
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