New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 80 - PUBLIC EMPLOYEES RETIREMENT
Part 2100 - MEMBER CONTRIBUTIONS
Section 2.80.2100.7 - DEFINITIONS

(1)an individual retirement account described in Internal Revenue Code Section 408(a);

(2)an individual retirement annuity described in Internal Revenue Code Section 408(b);

(3)a qualified trust described in Internal Revenue Code Section 401(a) that accepts the distributee's eligible rollover distribution;

(4)an annuity plan described in Internal Revenue Code Section 403(a);

(5)effective January 1, 2002, an annuity contract described in Internal Revenue Code Section 403(b);

(6)effective January 1, 2002, a plan eligible under Internal Revenue Code Section 457(b) that is maintained by a state, political subdivision of a state or any agency or instrumentality of a state or political subdivision of a state that agrees to separately account for amounts transferred into the plan; or

(7)effective January 1, 2008, a Roth IRA described in Internal Revenue Code Section 408A.

(1)an employee or a former employee;

(2)an employee's or former employee's surviving spouse;

(3)an employee's or former employee's spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Internal Revenue Code Section 414(p);

(4)effective January 1, 2007, a non-spouse beneficiary who is a designated beneficiary as defined by Internal Revenue Code Section 401(a) (9)(E); or

(5)effective January 1, 2002, a surviving spouse, as defined by federal law, or a spouse or former spouse who is an alternate payee under a domestic relations order dividing PERA benefits, as defined in Internal Revenue Code Section 414(p).

(1)any distribution of all or any portion of the balance to the credit of the distributee, except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments, not less frequently than annually, made for the life, or the life expectancy, of the distributee or the joint lives, or joint life expectancies, of the distributee and the distributee's designated beneficiary, or for a specified period of 10 years or more;

(2)any distribution to the extent such distribution is required under Internal Revenue Code Section 401(a)(9);

(3)the portion of any distribution that is not includible in gross income; or

(4)any other distribution that is reasonably expected to total less than two hundred dollars ($200) during the year.