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Choosing the Right DROP Payout for You Properly completing the DROP Payout Form (Form DP-PAYT) prior to retirement could be the most important thing you do with your DROP Benefit. An error could cost you tens of thousands of dollars. Your “inaction” in this case may result in the most taxable option available. Understanding the Payout Form When you are three months out from retiring you will receive a packet of documents from the State. Your answers on these forms will determine where your benefit will go at retirement and how it will be taxed. You have three [...]