Who is eligible to roll over pre-tax funds to purchase service credit or redeposit previously withdrawn contributions?
Any active or inactive member who has previously received a refund of contributions or is entitled to purchase service credit may elect to roll over pre-tax funds from 401(a), 401(k), 403(b), 457 or traditional or conduit IRA plans. Also members who retire on or after January 1, 2002 and before August 24, 2002, are eligible to rollover pre-tax funds to purchase service credit or redeposit previously withdrawn contributions from 403(b) or 457 plans providing the pre-tax funds are received by CalSTRS no later than October 23, 2002. (If you are planning on retiring soon, however, see the next question.
Related Questions
- If the member chooses to purchase service credit for prior eligible service not in the members account, can the member roll over funds to pay for the cost?
- I am retired. Can I use pre-tax funds for part of my redeposit or service credit purchase and then make direct payments for the remaining amount required?
- Who is eligible to roll over pre-tax funds to purchase service credit or redeposit previously withdrawn contributions?
