2 CRR-NY 356.4NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 2. DEPARTMENT OF AUDIT AND CONTROL
CHAPTER 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
2 CRR-NY 356.4
2 CRR-NY 356.4
356.4 Minimum rollover amount.
A distributee may elect to have a direct rollover of an eligible rollover distribution if the sum total of all eligible rollover distributions that a distributee will receive in a taxable year is equal to or greater than $200. A distributee may not elect a direct rollover (and the Retirement Systems will not withhold taxes from eligible rollover distributions) if the total of all eligible distributions that the distributee will receive in a taxable year will be less than $200.
2 CRR-NY 356.4
Current through February 28, 2022
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