§ A261-56. Transfer of distribution.

   A.   Effective January 1, 1994, a member or a member's surviving spouse who is to receive an eligible rollover distribution, as defined in § A261-57, may elect to have the amount of such distribution transferred directly in a direct rollover to an eligible retirement plan, as defined in § A261-57.

   B.   If a member or surviving spouse is to receive an eligible rollover distribution of more than $500, he may choose to have part of the distribution transferred directly in a direct rollover to an eligible retirement plan and to have the remainder paid to him. The amount which is to be transferred must be at least $500.