N.J. Admin. Code § 17:7-9.3

Current through Register Vol. 57, No. 1, January 6, 2025

Section 17:7-9.3 - Rollover of funds from other plans-ABP Retirement Plan and ACTS

(a) The ABP Retirement Plan and ACTS 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 ABP Retirement Plan does not accept direct rollovers of after-tax or Roth contributions.

N.J. Admin. Code § 17:7-9.3