Details
Subtitle
Withdrawal of contributions ("lump-sum payments") and taxation of benefits
Creators and Contributors
Author: Merck, Carolyn L.
Original Date Issued
1986
Mode of Issuance
Extent
28 pages
Description
The Federal Employees' Retirement System Act of 1986 (P.L. 99-335) allows retiring Federal employees to elect to withdraw, in one lump-sum, their contributions into the retirement system in exchange for a reduced annuity. This paper describes (1) the withdrawal provision and Office of Personel Management (OPM) regulations for the annuity reduction, and (2) tax treatment of the lump-sum withdrawal.
Note
CRS 86-1023 EPW "October 23, 1986" "Updated December 10, 1986." SuDoc # LC 14. 18/3
Resource Type
Genre
Identifier
mu:32678
Member of
Language of Resource