2 CRR-NY 356.6NY-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 356.6
2 CRR-NY 356.6
356.6 Multiple rollovers.
(a) A distributee may elect to have direct rollovers of specified portions of an eligible rollover distribution to more than one eligible retirement plan, subject to the limitation provided in section 356.5 of this Part, if the distribution is one which has become payable on account of the death of a member or beneficiary.
(b) With respect to an eligible rollover distribution which becomes payable for reasons other than the death of a member or beneficiary, a distributee may not elect to have a direct rollover made to more than one eligible retirement plan.
2 CRR-NY 356.6
Current through February 28, 2022
| End of Document |