Qualified Reservist definition

Qualified Reservist means a Participant of the plan who is a member of a reserve component such as: the Army National Guard; the Air National Guard; the Army Reserve; the Navy Reserve; the Marine Corps Reserve; the Air Force Reserve; the Coast Guard Reserve; the Reserve Corps of the Public Health Service; or as defined 37 U.S.C Section 101.

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Qualified Reservist means an indi- vidual who is a member of a reserve compo- nent of the Armed Forces on the date of the applicable determination—

Qualified Reservist means a Covered Employee (but not the spouse or Dependent of a Covered Employee) who is a member of: the Army National Guard; the Air National Guard; the Army Reserve; the Navy Reserve; the Marine Corps Reserve; the Air Force Reserve; the Coast Guard Reserve; or the Reserve Corps of the Public Health Service.

Examples of Qualified Reservist in a sentence

• Repayments cannot exceed the amount of your Qualified Reservist Distributions.

• A Qualified Reservist Distribution is a distribution received from an IRA by members of the National Guard or reservists who are called to active duty for a period of at least 180 days and such distribution is taken during the period of such active duty.

• Special Rules for Qualified Reservist Distributions – Qualified Reservist Distributions are eligible to be repaid to an IRA within a 2-year period after the end of active duty.

• You must file IRS Form 8606 for any year you make a nondeductible IRA contribution, rollover after-tax employee contributions from your employer's plan, repay a Qualified Reservist Distribution, convert from your traditional IRA to a ▇▇▇▇ ▇▇▇ or recharacterize a contribution to your traditional IRA.

• Qualified Reservist Distributions – Early distributions paid to certain military reservists called to active duty after September 11, 2001 (“Qualified Reservist Distributions”) are eligible to be repaid to an IRA within a two-year period after the end of active duty.

• Section 1.6 of the Amendment regarding distributions to a Qualified Reservist is adopted effective .

• The ten percent (10%) early withdrawal penalty tax will not apply to a Qualified Reservist Distribution, which meets requirements stated above.

• An individual who receives a Qualified Reservist Distribution may, at any time during the two-year period beginning on the day after the end of the active duty period, make one or more contributions to an IRA of such individual in an aggregate amount not to exceed the amount of such distribution.

• The two-year period for making repayments of Qualified Reservist Distributions does not end before the date that is two years after the date of enactment of the Pension Protection Act of 2006.

• Qualified Reservist Distributions are eligible to be repaid to an IRA within a 2-year period after the end of active duty.

More Definitions of Qualified Reservist

Qualified Reservist means an individual who is (i) a member of a reserve component (as defined in 37 U.S.C. § 101) and (ii) ordered or called to active duty, for a period in excess of 179 days or for an indefinite period, after September 11, 2001.

Qualified Reservist means an individual who is (i) a member of a reserve component (as defined in chapter 1 of title 37, United States Code) and (ii) ordered or called to active duty, for a period in excess of 179 days or for an indefinite period, after September 11, 2001.

Qualified Reservist means an individual who is a member of a reserve component, as defined in §101 of title 37, United States Code, and who is ordered or called to active duty after September 11, 2001 and before December 31, 2007 either for a period in excess of 179 days or for an indefinite period.

Qualified Reservist means a Covered Employee (but not the spouse or Dependent of a Covered Employee) who is a member of: the Army National Guard;

Qualified Reservist means an individual who (i) is a member of a reserve component (defined in 37 U.S.C. ss. 101 to mean the Army National Guard of the United States, the Army Reserve, the Naval Reserve, the Marine Corps Reserve, the Air National Guard of the United States, the Air Force Reserve, the Coast Guard Reserve or the Reserve Corps of the Public Health Service) and (ii) is ordered or called to active duty for a period in excess of 179 days or for an indefinite period after September 11, 2001.

Qualified Reservist means an individual who (i) is a member of a reserve component (defined in 37 U.S.C. § 101 to mean the Army National Guard of the United States, the Army Reserve, the Naval Reserve, the Marine Corps Reserve, the Air National Guard of the United States, the Air Force Reserve, the Coast Guard Reserve or the Reserve Corps of the Public Health Service) and (ii) is ordered or called to active duty for a period in excess of 179 days or for an indefinite period after September 11, 2001.