Statutes, codes, and regulations
Indiana Administrative Code
Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEMArticle 10 - ROLLOVERS AND TRUSTEE-TO-TRUSTEE TRANSFERS
Rule 35 IAC 10-1 - Rollovers and Trustee-to-Trustee Transfers
Section 35 IAC 10-1-5 - Rollovers by nonspouse beneficiaries

35 Ind. Admin. Code 10-1-5

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Current through November 6, 2024
Section 35 IAC 10-1-5 - Rollovers by nonspouse beneficiaries

Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5

Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC 33-39-7; IC 36-8

Sec. 5.

For distributions made after December 31, 2007, the fund shall provide a nonspouse beneficiary who is eligible to receive a distribution from the fund with the option to roll over the eligible rollover distribution amounts via a trustee-to-trustee transfer to an individual retirement account under Code Section 408(a) or individual annuity under Code Section 408(b), which will be treated as an inherited IRA.

35 IAC 10-1-5

Board of Trustees of the Indiana Public Retirement System; 35 IAC 10-1-5; adopted Nov 9, 2007: 20071205-IR-035070818ONA