Eligible retirement plan--Determination.

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3-13C-6 . Eligible retirement plan--Determination.

For purposes of this chapter, an eligible retirement plan is an eligible plan under 26 U.S.C. §457(b) maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and that agrees to separately account for amounts transferred into that plan from this plan, a traditional individual retirement account, a Roth individual retirement account, an annuity plan described in 26 U.S.C. §403(a), an annuity contract described in 26 U.S.C. §403(b), or a qualified plan described in 26 U.S.C. §401(a), accepting the distributee's eligible rollover distribution. The definition of eligible retirement plan also applies if a distribution is made to a surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in 26 U.S.C. §414(p).

Source: SL 2020, ch 13, § 13.


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