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House Bill 1560


House Bill 1560

ARCHIVE (2013)

Latest Information

 

DIGEST OF HB 1560 (Updated March 19, 2013 3:35 pm - DI 84)


Rollovers of school retirement accounts. Provides that whenever a school corporation closes future contributions to a retirement, savings, or investment plan described under Section 401(a) or Section 403(b) of the Internal Revenue Code, a participant in the plan, without regard to the participant's age or employment status, may elect to rollover the balance invested in that plan to: (1) another eligible retirement, savings, or investment plan offered by the school corporation; or (2) an individual retirement account or annuity described under Section 408(a) or Section 408(b) of the Internal Revenue Code.
Current Status:
 Law Enacted
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