Rollovers and transfers from other retirement plans

The system may accept an eligible rollover distribution or a direct transfer of funds from: (1) A tax-qualified retirement plan described in section 401(a) of the Internal Revenue Code of 1986, as amended; (2) An annuity plan described in section 403(a) of the Internal Revenue Code of 1986, as amended; (3) An annuity contract described in section 403(b) of the Internal Revenue Code of 1986, as amended; (4) An individual retirement account described in section 408(a) of the Internal Revenue Code of 1986, as amended; (5) An individual retirement annuity described in section 408(b) of the Internal Revenue Code of 1986, as amended; or (6) An eligible deferred compensation plan described in section 457(b) of the Internal Revenue Code of 1986, as amended, that is established and maintained by a state, a political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state, in payment of all or a portion of any deposit a member is permitted to make with the system for credit for service, including the conversion of class C credited service to class H credited service. Any rules adopted by the board pursuant to this section shall condition the acceptance of a rollover or transfer from another plan on the receipt from the other plan of information necessary to enable the system to determine the eligibility of any transferred funds for tax-free rollover treatment or tax-free transfer treatment under federal income tax law.