N.J. Admin. Code § 17:6-13.3

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:6-13.3 - Rollover of funds from other plans

(a) The Retirement Plan will accept participant rollover contributions and/or direct rollovers of eligible rollover distributions made after December 31, 2001, as described below:

1. Pre-tax contributions from a qualified plan described in IRC §§ 401(a), 401(k) or 403(a), an annuity contract described in IRC § 403(b) and an eligible deferred compensation plan described in IRC § 457(b) which is maintained by an eligible governmental employer under IRC § 457(e)(1)(A); and

2. A participant rollover of the portion of a distribution from an individual retirement account or annuity described in IRC §§ 408(a) or 408(b) that is eligible to be rolled over and would otherwise be includible in gross income.

(b) The Retirement Plan does not accept direct rollovers of after-tax or Roth contributions.

N.J. Admin. Code § 17:6-13.3