View all text of Part I [§ 4041 - § 4069c-1]
§ 4065. Voluntary contribution account
(a) Composition; election and return
(1) returned in a lump sum;
(2) used to purchase an additional life annuity;
(3) used to purchase an additional life annuity for the participant and to provide for a cash payment on his or her death to a beneficiary whose name shall be notified in writing to the Secretary of State by the participant; or
(4) used to purchase an additional life annuity for the participant and a life annuity commencing on his or her death payable to a beneficiary whose name shall be notified in writing to the Secretary of State by the participant, with a guaranteed return to the beneficiary or his or her legal representative of an amount equal to the cash payment referred to in paragraph (3).
(b) Computation of benefits
(c) Lump-sum payment; time; order of precedence
(Pub. L. 96–465, title I, § 825, Oct. 17, 1980, 94 Stat. 2122.)