Contents
Important Change for 1999 ...............................
1
Introduction ........................................................
1
Part I
General Information .........................................
2
Part II
Rules for Retirees ............................................
4
Part III
Rules for Disability Retirement and Credit for
the Elderly or the Disabled .......................
15
Part IV
Rules for Survivors of Federal Employees ......
17
Part V
Rules for Survivors of Federal Retirees ..........
21
How To Get More Information ..........................
23
Simplified Method Worksheet ...........................
25
Worksheet for Lump-Sum Payment .................
26
Index ....................................................................
27
Important Change for 1999
Photographs of missing children. The Internal Rev-
enue Service is a proud partner with the National Cen-
ter for Missing and Exploited Children. Photographs of
missing children selected by the Center may appear in
this publication on pages that would otherwise be blank.
You can help bring these children home by looking at
the
photographs
and
calling
1800THE-LOST
(18008435678) if you recognize a child.
Introduction
This publication explains how the federal income tax
rules apply to civil service retirement benefits received
by retired federal employees (including those disabled)
or their survivors.
These benefits are paid primarily
under the Civil Service Retirement System (CSRS) or
the Federal Employees' Retirement System (FERS).
Tax rules for annuity benefits.
Part of the annuity
benefits you receive is a tax-free recovery of your con-
tributions to the CSRS or FERS. The rest of your ben-
efits is taxable. If your annuity starting date is after
November 18, 1996, you must use the Simplified
Method to figure the taxable and tax-free parts. If your
annuity starting date is before November 19, 1996, you
could have chosen to use the Simplified Method or the
General Rule. See Part II, Rules for Retirees.
Thrift Savings Plan. The Thrift Savings Plan (TSP)
provides federal employees with the same savings and
tax benefits that many private employers offer their
employees. This plan is similar to private sector 401(k)
Department of the Treasury
Internal Revenue Service
Publication 721
Cat. No. 46713C
Tax Guide to
U.S. Civil
Service
Retirement
Benefits
For use in preparing
1999 Returns