If you take a distribution, you should review your other benefits to determine how your eligibility may be impacted.

You do not have to take your money out of your DCP account when you retire or terminate employment. You can leave your money in the plan until you are age 73, when you are required to take minimum distributions. Keeping your money in your DCP account may provide you with potentially more cost-effective retirement opportunities than rolling your money into a traditional IRA.

Distribution Options

DCP offers a variety of distribution options to suit your needs. Most distribution options can be changed at any time. Except for the purchase of an annuity, you may change your distribution option for the balance remaining in your plan. You can log in to your account and select Withdrawals to request a full, partial, installment, or required minimum distribution (RMD) from your account.

Distribution options include:

• Full lump-sum distribution
• Partial lump-sum distribution
• Periodic payments (monthly, quarterly, semi-annually or annually)
• Partial lump-sum distributions combined with periodic payments
• Purchase of an annuity with all or a portion of the account balance
• Roll over into an eligible retirement plan, such as a 401(a), 401(k), 403(b), governmental 457(b), traditional IRA or Federal Employees Thrift Savings Plan that accepts such rollovers*

*An IRS penalty for withdrawals from these plans prior to age 59½ may apply. Check with the plan that you are rolling into to ensure it accepts such rollovers.