N.J. Admin. Code § 17:6-11.8
Current through Register Vol. 56, No. 23, December 2, 2024
The amounts corrected by a corrective distribution are disregarded for all purposes of the Retirement Plan, except as otherwise expressly provided by the Retirement Plan. A corrective distribution cannot be counted as a required minimum distribution under IRC § 401(a)(9). A corrective distribution is not an eligible rollover distribution (as that term is used in N.J.A.C. 17:6-13). A corrective distribution includes (but is not limited to) a corrective disbursement under Treasury Reg. § 1.415-6(b)(6) or IRS Rev. Proc. 92-93.
N.J. Admin. Code § 17:6-11.8