Sign up and manage your deferred compensation retirement account. Request a Withdrawal.NOTE: Skip ahead to Payment Method section and complete the form. A deferred comp plan can help bridge the gap between what you have in your pension and Social Security, and how much you'll need in retirement. The withdrawals are also subject to state income tax. Under a special rule, you may be able to withdraw a portion of your vested. Plan account prior to your separation from the University in the event of an. DROP is a retirement benefit that allows Tier 1 public safety members who are already eligible for retirement to continue working while collecting a salary. Agencies must contact the Louisiana Deferred Compensation. Office and the employee to make changes to the deduction amount.