Rollover via Wire Transfer Now Available!
DROP Participants who are exiting, there is now a new feature available to you!
You now have the option to have your DROP funds rollover via wire transfer, for a minimal fee (currently $35 per wire transfer). Your rollover funds will reach your financial institution at a much faster rate. Please consult with the financial institution where you plan to rollover your DROP funds for details. They can advise you whether they can accept wire transfers.
If you are also taking a lump sum payment, that amount will be direct deposited into your account.
If you have questions, please contact the DROP/Service Pensions Section by phone at (213) 279-3100 or by email at email@example.com.