457 Deferred Compensation Plan Voluntary Employee Deferrals An employee may defer up to the following annual maximums: Year Annual Maximum 2005 $14,000 2006 $15,000 2007 and beyond Cost of living increases in $500 increments Participants who are at least age 50 can contribute an additional amount over the regular annual limit as follows: Year Maximum Additional Amount 2005 $4,000 2006 $5,000 2007 and beyond Cost of living increases in $500 increments Investment Options Deferrals are invested at the employee's direction among the various investment options. Participants may change their investment options at any time. Visit ING's DCPlus website for information on available investment options. Quarterly Statements Each calendar quarter, participants will receive a statement showing the deferrals made during the quarter, any interest and investment gains or losses, and the current account balance. Quarterly statements will be mailed within 20 calendar days after the end of each calendar quarter. Payment Options The employee or his/her beneficiary may choose from the following payment options, which are subject to a 20 percent tax withholding: Lump sum cash payment, Lump sum rollover payment not reinvested within 60 days, or Installment payments with less than a 10-year payout. The employee or his/her beneficiary can also choose to receive a payment under the following circumstances. The participant can direct that such payments be subject to a 10 percent tax withholding. Unforeseen emergencies, Installment payouts with greater than a 10-year life, Annuities, Minimum distribution requirements (MDR), or Non-spousal death benefits. Direct rollovers are not subject to tax withholding. Minimum Distribution Requirement (MDR) IRS regulations require that participants must begin receiving payments from their retirement account by April 1 of the calendar year following the later of: the calendar year the employee attains age 70½, or the calendar year the employee retires. Contact Listing DC Office of Finance and Treasury 1275 K Street, NW, Suite 600 Washington, DC 20005 (202) 727-6055 Brenda Mathis, Program Director Tilithea Ransome, Pensions Analyst   DC Office of Personnel Employee Service Center 441 4th Street, NW, Suite 340-N Washington, DC 20001 (202) 442-9655    ING Customer Service 1-800-584-6001   ING Local Office 441 4th Street, NW, Suite 340-N Washington, DC 20001 (202) 442-9749/9695   ING Fairfax Office 2 Hyatt Plaza 12703 Fair Lakes Circle, Suite 470 Fairfax, VA 22033 (703) 449-2937