N.J. Admin. Code § 17:7-8.9
Current through Register Vol. 57, No. 1, January 6, 2025
The amounts corrected by a corrective distribution are disregarded for all purposes of the ABP Retirement Plan, except as otherwise expressly provided by the ABP Retirement Plan. A corrective distribution cannot be counted as a required minimum distribution under IRC § 401(a)(9). A corrective distribution is not an eligible rollover distribution (as that term is used in N.J.A.C. 17:7-9.1). A corrective distribution includes, but is not limited to, a corrective disbursement under Treasury regulation § 1.415-6(b)(6) or IRS Rev. Proc. 92-93.
N.J. Admin. Code § 17:7-8.9