The New York State Teachers’ Retirement System provides a vital resource for its members through the REF-30.2 form, a structured avenue for managing the direct rollover of the taxable amount from one's retirement funds. Located at 10 Corporate Woods Drive in Albany, New York, this system simplifies the process for teachers planning their retirement finances, especially concerning the rollover of funds to eligible retirement plans. Applicants are guided to complete a concise section about their personal information before forwarding the document to their chosen financial institution — a step that underscores the form's focus on user-friendliness and efficiency. Meanwhile, financial representatives are tasked with completing the detailed section concerning the rollover specifics, including the destination account type and tax withholding preferences. This interaction between the applicant, the financial institution, and the Retirement System facilitates a seamless transfer, adhering to the qualifications under Section 401(a) of the Internal Revenue Code. It exemplifies a tailored approach to retirement planning, ensuring that transitions are as smooth and hassle-free as possible. Importantly, the design of the form, specifying that only the completed form (and not additional documents from financial institutions) should be sent back to the Retirement System, streamlines the process, maintaining focus on the direct rollover request. This practice not only simplifies administrative procedures but also expedites the processing time, allowing for a more efficient management of retirement funds.
| Question | Answer |
|---|---|
| Form Name | Form Ref 30 2 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | ref302 nystrs taxable amount request for direct rollover form |
NEW YORK STATE TEACHERS’ RETIREMENT SYSTEM
10 Corporate Woods Drive, Albany, New York
TAXABLE AMOUNT (ONLY)
REQUEST FOR DIRECT ROLLOVER
OFFICE SERVICES ONLY
Instructions for the applicant: Complete Section 1 and then forward the form to the financial institution that will be receiving the direct rollover. If your financial institution requires you to complete additional forms, they SHOULD NOT be forwarded to the Retirement System.
SECTION 1 (PLEASE PRINT)
Name
Social Security Number
Mailing Address
NYSTRS EmplID
City/State |
Zip |
Phone Number
Applicant’s Signature
Date
TO BE COMPLETED BY FINANCIAL REPRESENTATIVE: Complete all information in Section 2 and then forward to the Retirement System within 30 days at the above address. Any additional forms you require from the client should not be forwarded to the Retirement System.
This System is a qualified plan under Section 401(a) of the Internal Revenue code.
SECTION 2 (PLEASE PRINT)
CLIENT ACCOUNT NUMBER (If Available) |
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2 A) |
Mail Check To: |
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Account # ____________________________________________ |
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THE MONIES WILL BE DEPOSITED TO THE ELIGIBLE PLAN INDICATED: |
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Name |
___________________________________________________ |
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(CHECK ONE) |
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Street |
___________________________________________________ |
r Individual Retirement Account 408(a) or |
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___________________________________________________________ |
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Individual Retirement Account 408(b) |
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r Qualified Annuity Plan 403(a) |
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City: |
___________________________________________________ |
r Qualified Annuity Plan 403(b) |
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State: |
__________________________ Zip ___________________ |
r Qualified Defined Benefit or Contribution Plan |
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401(a) or 401(k) |
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2 B) Make Check Payable To: |
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r Governmental Deferred Compensation Plan 457 |
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_____________________________________________________ |
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r Individual Retirement Account Roth |
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(Please indicate Tax Withholding Rate below) |
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r Tax Withholding 0% |
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r Tax Withholding 20% |
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Person Authorized to Sign, Financial Institution (please print) |
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Phone Number |
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Authorized Signature, Financial Institution |
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Date |
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NOTE: If the member is retiring, we will not process the refund and related rollover until the date of retirement has passed.