New York Codes, Rules and Regulations
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
Section 356.1 - Background

Whereas Public Law 102-318, known as the Unemployment Compensation Amendments of 1992 ("UCA"), amended section 402(f) of the Internal Revenue Code ("the Code") with respect to distributions made after December 31, 1992; and whereas the UCA requires the New York State and Local Retirement Systems to amend the plans they administer on or before December 31, 1993 so as to conform with UCA provisions on distributions, and requires such plan amendments to be retroactive to January 1, 1993; this Part is hereby promulgated to amend the rules pertaining to distributions made by the New York State and Local Retirement Systems on or after January 1, 1993 so as to conform with the requirements of the Internal Revenue Code.