Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROLChapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System
Part 356 - New Rollover And Withholding Rules Pursuant To The Unemployment Compensation Amendments Of 1992 And The Pension Protection Act Of 2006
Section 356.2 - Elections

N.Y. Comp. Codes R. & Regs. tit. 2 § 356.2

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Current through Register Vol. 46, No. 53, December 31, 2024
Section 356.2 - Elections

This Part applies to distributions made on or after January 1, 1993. Notwithstanding any provision applicable to members and beneficiaries of the New York State and Local Retirement Systems to the contrary that would otherwise limit a distributee's election under this Part, a distributee may elect at the time and in the manner prescribed by the comptroller, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover, subject to the limitations provided in sections 356.4, 356.5 and 356.6 of this Part.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 356.2