- (a) A distributee of an eligible rollover distribution from the Teacher Retirement System of Texas (TRS) may elect to have the distribution paid directly to an eligible retirement plan by a direct rollover, to the extent required by Internal Revenue Code of 1986, as amended, and guidance issued thereunder.
- (b) TRS shall develop procedures to implement this section in accordance with the Internal Revenue Code of 1986, §401(a)(31), as amended, and related regulations. Terms used in this section shall have the meaning assigned in the Internal Revenue Code of 1986, as amended.
Source Note:The provisions of this §35.2 adopted to be effective March 12, 2003, 28 TexReg 2110.