Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROLChapter 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 356.4 - Minimum rollover amount

N.Y. Comp. Codes R. & Regs. tit. 2 § 356.4

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Current through Register Vol. 46, No. 53, December 31, 2024
Section 356.4 - Minimum rollover amount

A distributee may elect to have a direct rollover of an eligible rollover distribution if the sum total of all eligible rollover distributions that a distributee will receive in a taxable year is equal to or greater than $200. A distributee may not elect a direct rollover (and the Retirement Systems will not withhold taxes from eligible rollover distributions) if the total of all eligible distributions that the distributee will receive in a taxable year will be less than $200.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 356.4