(a) Effective for distributions made after December 31, 1992, the system shall permit the distributee of an eligible rollover distribution to elect to have such distribution paid directly to an eligible retirement plan specified by the distributee in the form of a direct trustee to trustee transfer.
(b) The system shall develop procedures to implement this section in accordance with the Internal Revenue Code of 1986, §401(a)(31), as amended, and related regulations. Terms used in this section shall have the meanings assigned in the Internal Revenue Code of 1986 as amended.

Source Note: The provisions of this §69.9 adopted to be effective January 12, 1993, 18 TexReg 65; amended to be effective December 29, 2021, 46 TexReg 9059