§88-45.5  Acceptance of rollovers and
transfers from other plans.  The system may accept an eligible rollover
distribution or a direct transfer of funds from:



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



(2)  An annuity plan described in Section 403(a) of
the 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 in
Section 408(a) of the Internal Revenue Code of 1986, as amended;



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



(6)  An eligible deferred compensation plan described
in Section 457(b) of the Internal Revenue Code of 1986, as amended, that is
established and maintained by a state, a political subdivision of a state, or
any agency or instrumentality of a state or political subdivision of a state,



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