Common use of Rollovers of Military Death Benefits Clause in Contracts

Rollovers of Military Death Benefits. You may roll over a military death gratuity or a SGLI death payment to your Xxxx XXX. The rollover amount is the sum of the death payments, less any amounts rolled over to a Xxxxxxxxx education savings account. The rollover must be executed within one year of receipt of the death payments for deaths occurring on or after June 17, 2008. These rollovers to a Xxxx XXX are nontaxable. Rollover of XXX Xxxx – If you receive a refund of eligible retirement plan assets that had been wrongfully levied, you may roll over the amount returned up until your federal tax return filing deadline (not including extensions) for the year in which the money was returned.

Rollovers of Military Death Benefits. You may roll over a military death gratuity or a SGLI death payment to your Xxxx XXX. The rollover amount is the sum of the death payments, less any amounts rolled over to a Xxxxxxxxx education savings account. The rollover must be executed within one year of receipt of the death payments for deaths occurring on or after June 17, 2008. These rollovers to a Xxxx XXX are nontaxable. Rollover of XXX Xxxx IRS Levy – If you receive a refund of eligible retirement plan assets that had been wrongfully levied, you may roll over the amount returned up until your federal tax return filing deadline (not including extensions) for the year in which the money was returned.