Code of Maine Rules
94 - INDEPENDENT AGENCIES
411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS)
Chapter 411 - ELIGIBLE ROLLOVER DISTRIBUTIONS
Section 411-411-2 - COMPLIANCE WITH CODE SECTION 401(a)(31) FOR ELIGIBLE ROLLOVER DISTRIBUTIONS
Universal Citation: 94 ME Code Rules ยง 411-411-2
Current through 2024-38, September 18, 2024
For purposes of compliance with Code Section 401(a)(31), this section applies notwithstanding any contrary provision or retirement law that would otherwise limit a distributee's election to make a rollover. A distributee may elect, at the time and in the manner prescribed by the Board of Trustees, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.
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