Indiana § 5-10.4-8-15 Rollovers

Indiana Statutes

§ 5-10.4-8-15 — Rollovers

Indiana § 5-10.4-8-15

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.4STATE TEACHERS' RETIREMENT FUND

Ch. 8Teachers' Defined Contribution Plan

This text of Indiana § 5-10.4-8-15 (Rollovers) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-10.4-8-15 (2026).

Text

(a)To the extent permitted by the Internal Revenue Code and the applicable regulations and guidance, the plan may accept, on behalf of any member, a rollover distribution from any of the following:

(1)A qualified plan described in Section 401(a) or Section 403(a) of the Internal Revenue Code.

(2)An annuity contract or account described in Section 403(b) of the Internal Revenue Code.

(3)An eligible plan maintained by a state, a political subdivision of a state, or an agency or instrumentality of a state or political subdivision of a state under Section 457(b) of the Internal Revenue Code.

(4)An individual retirement account or annuity described in Section 408(a) or Section 408(b) of the Internal Revenue Code.

(b)Any amounts rolled over under subsection (a) must be accounted for in a r

Free access — add to your briefcase to read the full text and ask questions with AI

(a) To the extent permitted by the Internal
Revenue Code and the applicable regulations and guidance, the plan
may accept, on behalf of any member, a rollover distribution from any
of the following:
(1) A qualified plan described in Section 401(a) or Section 403(a)
of the Internal Revenue Code.
(2) An annuity contract or account described in Section 403(b) of
the Internal Revenue Code.
(3) An eligible plan maintained by a state, a political subdivision
of a state, or an agency or instrumentality of a state or political
subdivision of a state under Section 457(b) of the Internal
Revenue Code.
(4) An individual retirement account or annuity described in
Section 408(a) or Section 408(b) of the Internal Revenue Code.
(b) Any amounts rolled over under subsection (a) must be accounted
for in a rollover account that is separate from the member's account in
the plan. The member is fully vested in the member's rollover account.
(c) A member may direct the investment of the member's rollover
account into any alternative investment option that the board may make
available to the member's rollover account under section 8 of this
chapter.
(d) A member may withdraw all or part of the member's rollover
account from the plan in a lump sum or direct a rollover to an eligible
retirement plan at any time. Upon attainment of normal retirement age,
in addition to these payment options, the member may withdraw the
member's rollover account as a monthly annuity as established by the
board in accordance with the annuity options that are available for the
member's account in the plan. A member shall make a required
withdrawal from the member's account in the plan not later than the
required beginning date under the Internal Revenue Code.