Guest slt Posted March 28, 2002 Report Share Posted March 28, 2002 I am very confused about something. Does 415(n) allow me to use any funds at all to purchase service credit? For example, can I have a rollover to a DB plan and then use these funds to purchase service credit? When I read the conference report to EGTRRA, it intimates that only after-tax contributions could have been used in the past. Now it permits plan-to-plan transfers from 403(B) or 457 amounts. I am inclined to take a very conservative position and state that rollovers from an IRA or another qualified plan may NOT be used to purchase service credit. Of course, these amounts can be rolled over into the plan (but, of course, why would anyone in their right mind do that if it is a DB plan?), but just not used to purchase credit. Does anyone agree with me? Disagree? Thanks! Link to comment Share on other sites More sharing options...
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