§88-45.5  Acceptance of rollovers andtransfers from other plans.  The system may accept an eligible rolloverdistribution or a direct transfer of funds from:

(1)  A tax-qualified retirement plan described inSection 401(a) of the Internal Revenue Code of 1986, as amended;

(2)  An annuity plan described in Section 403(a) ofthe Internal Revenue Code of 1986, as amended;

(3)  An annuity contract described in Section 403(b)of the Internal Revenue Code of 1986, as amended;

(4)  An individual retirement account described inSection 408(a) of the Internal Revenue Code of 1986, as amended;

(5)  An individual retirement annuity described inSection 408(b) of the Internal Revenue Code of 1986, as amended; or

(6)  An eligible deferred compensation plan describedin Section 457(b) of the Internal Revenue Code of 1986, as amended, that isestablished and maintained by a state, a political subdivision of a state, orany agency or instrumentality of a state or political subdivision of a state,

in payment of all or a portion of any deposit amember is permitted to make with the system for credit for service, includingthe conversion of class C credited service to class H credited service.  Anyrules adopted by the board pursuant to this section shall condition the acceptanceof a rollover or transfer from another plan on the receipt from the other planof information necessary to enable the system to determine the eligibility ofany transferred funds for tax-free rollover treatment or tax-free transfertreatment under federal income tax law. [L 2004, c 179, §2; am L 2008, c 41, §4]