DROP stands for Deferred Retirement Option Plan. It is an optional program in which members of a defined benefit plan choose to freeze his or her regular monthly retirement benefit and have this benefit deposited each month in a separate account with the employer while continuing to work for and draw a salary from their employer.
As a participant in a DROP program whose period will end soon, you'll have to make an important decision about your DROP account money. AIG VALIC offers many rollover plans depending on the state you live. Use the links below to access your state specific DROP Web site: