Full Version: rollovers
May a governmental plan qualified under Section 401(a) accept rollovers by employee/participants from another qualified plan or IRA in which they participated?
QUOTE (lightfingers @ Sep 11 2007, 03:38 PM) 
May a governmental plan qualified under Section 401(a) accept rollovers by employee/participants from another qualified plan or IRA in which they participated?
Governmental plans can accept rollovers in order to purchase service credit.
Qualified governmental plans are generally no different from other qualified plans with respect to rollovers.
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