Required Minimum Distributions Not Eligible For Rollover Clause Samples
Required Minimum Distributions Not Eligible For Rollover. A non-spouse beneficiary may not roll over an amount which is a required minimum distribution, as determined under applicable Treasury Regulation and other Internal Revenue Service guidance. If the Participant dies before such Participant’s required beginning date and the non-spouse beneficiary rolls over to an individual retirement account the maximum amount eligible for rollover, the beneficiary may elect to use either the five year rule or the life expectancy rule, pursuant to Treasury Regulation § 1.409(a)(9)-3, A-4(c), in determining the required minimum distribution from the individual retirement account that receives the non-spouse beneficiary’s distribution.
Required Minimum Distributions Not Eligible For Rollover. A non-spouse Beneficiary may not roll over an amount that is a required minimum distribution, as determined under applicable Treasury Regulations and other Internal Revenue Service guidance. If the Participant dies before his or her Required Beginning Date (as defined in Section 5.12(b) and the non-spouse Beneficiary rolls over to an IRA the maximum amoun▇ ▇ligible for rollover, the Beneficiary may elect to use either the 5-year rule or the life expectancy rule, pursuant to Treasury Regulations Section 1.401(a)(9)-3, A-4(c), in determining the required minimum distributions from the IRA that rec▇▇▇es the non-spouse beneficiary's distribution.