B. An eligible rollover distribution may commence less than thirty days after the notice required under section 402(f) of the internal revenue code is given to the distributee, provided that both:

1. 1. ASRS clearly informs the distributee that the distributee has a right to a period of at least thirty days after receiving the notice to consider the decision of whether or not to elect a direct rollover.
2. 2. The distributee, after receiving the notice, affirmatively elects a distribution.

D. For the purposes of this section:

1. 1. "Direct rollover" means a payment by ASRS to the eligible retirement plan specified by the distributee.
2. 2. "Distributee" means a member, a member's surviving spouse or a member's spouse or former spouse who is the alternate payee under an acceptable domestic relations order as defined in section 38-773.

3. 3. "Eligible retirement plan" means any of the following that accepts a distributee's eligible rollover distribution:

   1. (a) An individual retirement account described in section 408(a) of the internal revenue code.
   2. (b) An individual retirement annuity described in section 408(b) of the internal revenue code.
   3. (c) An annuity plan described in section 403(a) of the internal revenue code.
   4. (d) A qualified trust described in section 401(a) of the internal revenue code.
   5. (e) An annuity contract described in section 403(b) of the internal revenue code.
   6. (f) An eligible deferred compensation plan described in section 457(b) of the internal revenue code that is maintained by a state, a political subdivision of a state or any agency or instrumentality of a state or a political subdivision of a state and that agrees to separately account for amounts transferred into the eligible deferred compensation plan from ASRS.
   7. (g) Beginning January 1, 2008, a Roth individual retirement account described in section 408A of the internal revenue code.
   8. (h) For distributions made after December 18, 2015, a simple retirement account that satisfies the requirements of section 408(p) of the internal revenue code.

4. 4. "Eligible rollover distribution" means distribution of all or any portion of the balance to the credit of the distributee but does not include any of the following:

   1. (a) Any distribution that is one of a series of substantially equal periodic payments made not less frequently than annually for the life or life expectancy of the member or the joint lives or joint life expectancies of the member and the member's designated beneficiary or for a specified period of ten years or more.
   2. (b) Any distribution to the extent the distribution is required under section 401(a)(9) of the internal revenue code.
   3. (c) Except as provided in this paragraph, the portion of any distribution that is not includable in gross income. A distribution does not fail to be an eligible rollover distribution merely because the portion consists of after-tax employee contributions that are not includable in gross income if the portion is paid only to an individual retirement account or annuity described in section 408(a) or 408(b) of the internal revenue code, to a qualified plan described in section 401(a) of the internal revenue code or an annuity contract described in section 403(b) of the internal revenue code that agrees to separately account for amounts so transferred, and earnings on those amounts, including separately accounting for the portion of the distribution that is includable in gross income and the portion of the distribution that is not includable in gross income.
   4. (d) Any distribution that is made due to hardship of the member.