Ohio Administrative Code
Title 3307:2 - Defined Contribution
Chapter 3307:2-7 - Defined Contribution Plans - Investments
Section 3307:2-7-03 - Rollovers received

Universal Citation: OH Admin Code 3307:2-7-03

Current through all regulations passed and filed through September 16, 2024

Direct rollover distributions of pretax amounts may be received by the retirement system as specified by the plan document, provided:

(A) Application shall be on a form provided by the retirement system; and

(B) Application shall be subject to determination by the retirement system that the transferring plan or account is eligible to rollover funds to the plan in which the member participates.

(C) Rollover distributions are initially invested in the "STRS Target Choice Option" that falls immediately before the participant's sixtieth birthday at the time of deposit. Participants may reallocate the funds any time after the deposit is made.

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