Indiana Administrative Code
Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM
Article 10 - ROLLOVERS AND TRUSTEE-TO-TRUSTEE TRANSFERS
Rule 1 - Rollovers and Trustee-to-Trustee Transfers
Section 1-1 - Definitions
Current through March 20, 2024
Authority: IC 2-3.5-3-4; IC 5-10.3-11-2; IC 5-10.5-4-2; IC 33-38-6-23; IC 33-39-7-11; IC 36-8-8-5
Affected: IC 2-3.5; IC 5-10-5.5; IC 5-10.3; IC 5-10.5; IC 33-39-7; IC 36-8
Sec. 1.
(a) The definitions in this section apply throughout this article.
(b) "Board of trustees" means the board of trustees of the public employees' retirement fund.
(c) "Code" means the Internal Revenue Code of 1986, 26 U.S.C. 1 et seq., and all amendments related thereto.
(d) "Direct rollover" means a payment from an eligible retirement plan specified by the member to the fund.
(e) "EGTRRA" means the Economic Growth and Tax Relief Reconciliation Act of 2001, P.L. 107-16, and all applicable regulations and amendments related thereto.
(f) "Eligible retirement plan" means:
(g) "Eligible rollover distribution" means any distribution of all or any taxable portion of the benefit to the credit of a member or a member's spouse, except that an eligible rollover distribution does not include the following:
(h) "Fund" or "funds" means the legislators' retirement system, public employees' retirement fund, state excise police, gaming agent, gaming control officer and conservation enforcement officers' retirement plan, judges' retirement fund, prosecuting attorneys retirement fund, and the 1977 fund.
(i) "IRS" means the Internal Revenue Service.