Section 35 IAC 8-1-3 - PurposeAuthority: 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 33-13-8; IC 33-14-9; IC 36-8
Sec. 3.
(a) The purpose of this rule is to comply with the UCA to the extent required by Section 401(a)(31) of the Code.(b) A member of the fund may elect, at the time and in the manner prescribed by the board of trustees, to have all or a portion of an eligible rollover distribution paid directly to another eligible retirement plan as specified by the member.(c) A surviving spouse who is entitled to receive an eligible rollover distribution may elect, at the time and in the manner prescribed by the board of trustees, to have all or a portion of an eligible distribution paid directly to an individual retirement account or annuity as specified by the spouse.Board of Trustees of the Indiana Public Retirement System; 35 IAC 8-1-3; filed Mar 23, 1995, 3:00 p.m.: 18 IR 1993; readopted filed Oct 31, 2001, 2:21 p.m.: 25 IR 898; adopted Nov 9, 2007: 20071205-IR-035070818ONA