Establish a SEPP

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L1: Establish a SEPPI am a retired Public Safety employee who was able to retire at age 45. My DROP account is in the form of an IRA. I now am 51 years old. Must I set up a SEPP to withdraw from this account without the 10% or if I wait to55 can I then. My plan administrator says that Public Safety employees can at age 55, but I think the rules only apply to separation after 50 years old. Any help is appreciated.2010-05-11 06:11, By: Bob17969, IP: [74.173.206.60]