Chapter 18 PENSIONS*
Section 18-117 Direct transfer of eligible rollover distributions; rollover notice.
(a) To the extent required by Section
401(a)(31) of the Code, if the distributee of any eligible
rollover distribution elects to have the distribution paid directly to an eligible retirement plan and
specifies the eligible retirement plan to which the distribution is to be paid, the distribution shall
be made in the form of a direct trustee to trustee transfer to the specified eligible retirement plan.
(b) The plan administrator shall give
covered firefighter employees an understandable
written explanation of rollover rules within a reasonable period before making an eligible
(Ord. No. 21455, § 1, 9-17-12)
(Ord. 21455, Added, 09/17/2012)