Title 102 | Chapter 001 | Regulation 250
102 KAR 1:250.Rollovers from other plans.
Section 1.
(1)
Kentucky Teachers' Retirement System shall accept member rollover contributions and direct rollovers of distributions to purchase service credit as authorized under KRS 161.220 to 161.990.(2)
The system shall accept a direct rollover of an eligible rollover distribution from:(a)
A qualified plan described in 26 USC 401(a), 401(k), or 403(a) of the Internal Revenue Code;(b)
An annuity contract described in 26 USC 403(b) of the code; or(c)
An eligible plan under 26 USC 457(b) of the code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.(3)
The system shall accept the contribution of an eligible rollover distribution from:(a)
A qualified plan described in 26 USC 401(a), 401(k), or 403(a) of the Internal Revenue Code;(b)
An annuity contract described in 26 USC 403(b) of the code; or(c)
An eligible plan under 26 USC 457(b) of the code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.(4)
The system shall accept a member rollover contribution of the portion of a distribution from an individual retirement account or annuity described in 26 USC 408(a) or 408(b) of the code that is eligible to be rolled over and otherwise would be includible in gross income.Section 2.
Rollovers from other plans shall be accepted effective January 1, 2002.HISTORY: (28 Ky.R. 2114; 2325; eff. 5-16-2002; Crt eff. 7-3-2019.)
102 KAR 1:250.Rollovers from other plans.
Section 1.
(1)
Kentucky Teachers' Retirement System shall accept member rollover contributions and direct rollovers of distributions to purchase service credit as authorized under KRS 161.220 to 161.990.(2)
The system shall accept a direct rollover of an eligible rollover distribution from:(a)
A qualified plan described in 26 USC 401(a), 401(k), or 403(a) of the Internal Revenue Code;(b)
An annuity contract described in 26 USC 403(b) of the code; or(c)
An eligible plan under 26 USC 457(b) of the code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.(3)
The system shall accept the contribution of an eligible rollover distribution from:(a)
A qualified plan described in 26 USC 401(a), 401(k), or 403(a) of the Internal Revenue Code;(b)
An annuity contract described in 26 USC 403(b) of the code; or(c)
An eligible plan under 26 USC 457(b) of the code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state.(4)
The system shall accept a member rollover contribution of the portion of a distribution from an individual retirement account or annuity described in 26 USC 408(a) or 408(b) of the code that is eligible to be rolled over and otherwise would be includible in gross income.Section 2.
Rollovers from other plans shall be accepted effective January 1, 2002.HISTORY: (28 Ky.R. 2114; 2325; eff. 5-16-2002; Crt eff. 7-3-2019.)