Important Changes for 2002

Rollovers to and from qualified retirement plans. For distributions made after 2001, for rollover purposes, tax-sheltered annuity plans (403(b) plans) and eligible state or local government section 457 deferred compensation plans are qualified retirement plans. See Rollovers.

Hardship distribution rollovers. A hardship distribution made after 2001 from any retirement plan is not an eligible rollover distribution. See Rollovers.

Time for making rollover. The 60-day period for completing the rollover of an eligible rollover distribution may be extended for distributions made after 2001 in certain cases of casualty, disaster, or other events beyond your reasonable control. See Rollovers.

Rollover by surviving spouse. You may be able to roll over a distribution made after 2001 you receive as the surviving spouse of a deceased employee into a qualified retirement plan or a traditional IRA. See Rollovers.

Eligible rollover distribution. You may be able to roll over the nontaxable part of a retirement plan distribution made after 2001 to another qualified retirement plan or a traditional IRA. See Rollovers.

Section 457 plan early distributions. The tax on early distributions may apply to certain distributions made from an eligible state or local government section 457 deferred compensation plan after 2001. See Tax on Early Distributions.