Compensation previously deferred or contributed by (or contributed on behalf of) a participant, a beneficiary or a spousal alternate payee pursuant to another eligible deferred compensation plan under Section 457 of the Code maintained by another employer described in Section 457(e)(1)(B) of the Code shall be accepted for a plan-to-plan transfer to the plan by the Trustee in the form and in the manner prescribed by the Committee. All such Section 457 transfers shall be credited to the applicable account participant's corresponding before-tax deferral account or Roth account (to the extent applicable), or a combination thereof, and shall be invested in accordance with § 50-4.9.
A. 
Rollover contributions in general. Amounts previously deferred or contributed by (or contributed on behalf of) a participant, a beneficiary or a spousal alternate payee under another eligible retirement plan (other than a Roth IRA) that (i) are distributed to the participant, the beneficiary or the spousal alternate payee or (ii) are directly rolled over to the plan as an eligible rollover distribution from such eligible retirement plan may be accepted as a rollover contribution by the Trustee in the form and in the manner specified by the administrative service agency; provided that rollover contributions of amounts from a qualified Roth contribution program may be contributed only to the extent that the Committee has resolved to implement a Roth program pursuant to Section 3.1(c) of Schedule A and any such contributions must be directly rolled over to the plan. Notwithstanding the foregoing, other than rollover contributions from a qualified Roth contribution program as described in the preceding sentence, the administrative service agency shall not accept any rollover contribution, or any portion thereof, that represents deferrals or contributions under another eligible retirement plan that were made from compensation that was included in the participant's, beneficiary's or spousal alternate payee's gross income in the year the amounts were deferred or contributed. The administrative service agency may require such documentation from the distributing eligible retirement plan as it deems necessary to effectuate the rollover in accordance with Section 402 of the Code and to confirm that such plan is an eligible retirement plan.
B. 
Written request; acceptance of assets. The administrative service agency, in accordance with the Code and procedures established by the Committee, shall, as soon as practicable following its receipt of the written request of a participant, a beneficiary who is a participant's surviving spouse or spousal alternate payee, determine whether the rollover contribution shall be accepted by the plan. Any written request filed by a participant, a beneficiary who is a participant's surviving spouse or a spousal alternate payee pursuant to Subsection A shall set forth the fair market value of such rollover contribution and a statement in a form satisfactory to the administrative service agency that the amount to be transferred constitutes a rollover contribution. In the event the administrative service agency permits the transfer of the rollover contribution, the Trustee shall accept such rollover contribution and the transfer of such rollover contribution shall be deemed to have been made on the valuation date next following the date on which it was paid to the Trust Fund.
C. 
Rollover account. The rollover contribution shall be maintained in a separate, fully vested rollover account for the benefit of the contributing participant or the beneficiary and, in the case of a spousal alternate payee, the alternate payee account, and shall be invested in accordance with the investment direction of the applicable account participant pursuant to § 50-4.9. All amounts so transferred shall be credited to the account participant's rollover account or alternate payee account and shall be available for distribution at any time during the plan year. No other contributions shall be allocated to the rollover account. Any rollover contributions of amounts from a qualified Roth contribution program shall be segregated and held in a separately designated and maintained rollover account from those amounts not from a qualified Roth contribution program. At the election of the participant, beneficiary who is a participant's surviving spouse or spousal alternate payee, any rollover contributions or 457 transfers from an eligible deferred compensation plan under Section 457(b) of the Code may be held in separately designated and maintained rollover accounts for 457(b) rollover contributions; provided that any such amounts from a qualified Roth contribution program and any such amounts not from a qualified Roth contribution program shall be segregated and held in separately designated and maintained 457(b) rollover accounts.
Each 457 transfer and rollover contribution shall consist only of:
A. 
Cash; and
B. 
To the extent that the employer has resolved to adopt a loan program pursuant to Section 7.3 of Schedule A, solely with respect to 457 transfers and rollover contributions from another eligible deferred compensation plan under Section 457 of the Code maintained by a public employer or the Deferred compensation plan for employees of the State of New York and Other Participating Jurisdictions, any outstanding loan to the applicable account participant under the transferring or distributing 457 plan, provided that:
(1) 
Such outstanding loan will be subject to the same terms and conditions as in place under the transferring or distributing 457 plan;
(2) 
An account participant may not make a rollover contribution that includes an outstanding loan unless the entire amount of such account participant's plan benefit under the transferring or distributing 457 plan is contributed into the plan;
(3) 
The source of the outstanding loan disbursement under the transferring or distributing 457 plan must have been from before-tax deferrals; and
(4) 
The account participant does not have a loan outstanding, or a defaulted loan that has not yet been repaid, under the plan at the time of the 457 transfer or rollover contribution.
With respect to trustee-to-trustee transfers, a participant or beneficiary may elect, in accordance with procedures established by the Committee, to have all or any portion of the value of his or her account transferred to the trustee of a defined benefit governmental plan as described in Section 414(d) of the Code; provided, however, that such transfer is for the purchase of permissive service credit [as defined in Section 415(n)(3)(A) of the Code] under such plan or a repayment of contributions and earnings with respect to a forfeiture of service under such plan.