November 19, 1992
TO: PENSION MEMBERS NO. 36-92
OPERATIONS MEMBERS NO. 48-92
TRANSFER AGENT ADVISORY COMMITTEE NO. 72-92
RE: NEW DISTRIBUTION CODES ON FORM 1099-R
__________________________________________________________
Attached is a copy of Announcement 92-169, which describes
the new codes that will be added to the 1993 IRS Form 1099-R,
Distributions From Pensions, Annuities, Retirement or Profit-
Sharing Plans, IRAs, Insurance Contracts, etc., in light of the
temporary regulations concerning the reporting of direct
rollovers under section 3405(c) of the Internal Revenue Code.
(See Institute Memorandum to Pension Members No. 28-92,
Operations Members No. 39-92, and Transfer Agent Advisory
Committee No. 69-92, dated October 22, 1992.)
Distribution code "G" will indicate a direct rollover to an
IRA, while distribution code "H" will indicate a direct rollover
to a qualified plan or section 403(b) arrangement. In addition,
new distribution code "E" will indicate elective deferrals and
employee contributions distributed or returned as excess annual
additions under section 415 of the Code.
We will keep you informed of developments.
Kathy D. Ireland
Associate Counsel -Pension
Attachment