# § 5-4 Rollover contributions.

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

## § 5-4 Rollover contributions.

Balt., Md., Code art. 22A, § 5-4 (2026)

(a)

  (1) Subject to the requirements of this section, a member may make 1 or more rollover contributions to the Retirement Savings Plan.

  (2) As soon as administratively practicable after a rollover contribution is made, the contribution will be credited to the member’s Rollover Contribution Sub-Account.

(b) A member who wishes to make a rollover contribution must:

  (1) file a request with the Board of Trustees in the form required by the Board; and

  (2) establish to the satisfaction of the Board that amounts intended to be rolled over satisfy the conditions of <cite data-path="|22A|5|5-4|(c)">subsection (c)</cite> of <cite data-path="|22A|5|5-4">this section</cite>.

(c) Every rollover contribution must be:

  (1) either:

    (i) an “eligible rollover distribution” as defined in IRC § 402(f)(2)(A), including eligible distributions of designated Roth contributions described in IRC § 402a(c)(3); or

    (ii) eligible for rollover treatment under IRC § 408(d)(3), including eligible distribution from a Roth IRA described in IRC § 408(a) eligible for rollover treatment under IRC § 408(d)(3), including eligible distributions from a Roth IRA described in IRC § 408(a).

  (2) made solely in cash;

  (3) distributed from:

    (i) a qualified plan under IRC § 401(a) or §403(a), except that amounts rolled over may not include nondeductible or after-tax contributions;

    (ii) a tax-sheltered annuity under IRC § 403(b);

    (iii) an eligible plan under IRC § 457(b) that is maintained by a state, a political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state; or

    (iv) an individual retirement account under IRC § 408(a) or an individual retirement annuity under IRC § 408(b), except that amounts rolled over may not include nondeductible or after-tax contributions; and

  (4) either transferred directly to the Retirement Savings Plan or, within 60 days of its receipt, contributed to the Plan by the member.

*History: Ord. 14-216*

*History: Ord. 20-458*