Laserfiche WebLink
directly to an eligible retirement plan specified by the distributce in a direct rollover. A <br />distributee includes an Ernployce or former Employee. In addition, the Employee's or former <br />Employee's surviving spouse and the Employee's or former Employee's spouse or former <br />spouse who is the alternate payee under a qualified domestic relations order, as defined in <br />Section 414(p) of the Code, are distributces with regard to the interest of the spouse or former <br />spouse. <br />(b) A Beneficiary who is not the spouse of the Member may elect a direct trustee to <br />trustee transfer that qualifies as an eligible rollover distribution under this Section 4,6. Such <br />transfer shall be made to an individual retirement plan described in Section 40,8(a) of the Code or <br />a Roth IRA described in Section 408A of the Code that is established for the purpose of <br />receiving the distribution on behalf of such Beneficiary. Such individual retirement account <br />shall be deemed an inherited IRA pursuant to the provisions of Section 402(c)(1.1) of the Code. <br />Also, in this case, the determination of any required minimum distribution under Section <br />401(a)(9) of the Code that is ineligible for rollover shall be made in accordance with Notice <br />2007-7, Q&A 17 and 18, 2007-5 I.R.B. 395. <br />(1) Definitions <br />(A) Eligible Rollover Distribution <br />An eligible rollover distribution is any distribution of all or any portion of the balance to <br />the credit of the distributee, except that an eligible rollover distribution does not include the <br />following: (i) any distribution that is one of a series of substantially equal periodic payments (not <br />less frequently than annually) made for the life (or the life expectancy) of the distributee or the <br />.joint lives (or joint life expectancies) of the distributee and the distributee's designated <br />Beneficiary, or for a specified period of ten (10) years or more; (ii) any distribution to the extent <br />such distribution is required Linder Section 401(a)(9) of the Code; and (iii) any hardship <br />NB 1:79042U 19 <br />