Survivor Benefits

Rollover of DIistributions to Survivors

If your beneficiary receives a benefit distribution following your death, he or she may roll over any part of the distribution in a direct trustee-to-trustee transfer to an individual retirement plan (IRA). (If the transfer is not direct, there may be significant tax penalties to the recipient.)

If your beneficiary is your spouse, such rollovers are also permitted to Roth IRAs under certain conditions. You and/or your spouse are responsible for any tax consequences resulting from this rollover.