Thereafter, we will change the rates from time to time at our discretion. If you have chosen to receive a lump-sum payment under the alternative annuity option, you will also receive reduced monthly annuity payments. Special rule for figuring your total contributions. All of the money in your Thrift Savings Plan TSP account is taxed as ordinary income when you receive it. Annuity payouts started within 60 days after we approved your application. You also may establish automated partial surrenders.

An eligible state or local government section 457 deferred compensation plan. This part of the publication is for retirees who retired on nondisability retirement. The spousal consent requirement may be waived if it is shown that the spouse's whereabouts cannot be determined. Proceeding was authorized by the Board of Directors of the depositor. You choose to receive your account balance in monthly payments based on your life expectancy.

We receive ratings from independent rating agencies. Tell your supervisor about your proposed retirement date. It remains the same, even if your annuity is increased. Treat a payment for accrued annual leave received on retirement as a salary payment. If your annuity starting date was before July 2, 1986, you probably had to report your annuity using the Three-Year Rule. We will process your surrender request on the valuation date we receive it. If you receive a lump-sum distribution, it may qualify for capital gain treatment or the 10-year tax option. Please send any comments to me at the above e-mail address. Voluntary contributions are not the same as employee contributions to the Thrift Savings Plan.

If the person named is 30 or more years younger than the retiree, the reduction is 40 percent.