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Text of Rev. Proc. 2016-36: Recovery of Investment in the Contract from Payments Received from a Non-Qualified Plan by an Employee During Phased Retirement (PDF)
Internal Revenue Service [IRS] 
[Official Guidance] June 13, 2016
"This revenue procedure provides guidance regarding the application of Sections 1.72-2(b)(2) and 1.72-4(b)(1) ... to amounts ... that are received from a non-qualified contract.... The [IRS] will not apply Notice 2016-39 to amounts received from a non-qualified contract. Accordingly, in applying Sections 1.72-2(b)(2) and 1.72-4(b)(1) to a non-qualified contract, the possibility of further contributions to the contract or a subsequent election under the contract to receive the benefit payable under the contract in a different manner generally will not affect the determination of whether payments are amounts received as an annuity."
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