Home Retirement Form RSA 10 D-D Request for DROP Distribution and Rollover Election

Form RSA 10 D-D Request for DROP Distribution and Rollover Election

Form RSA 10 D-D Request for DROP Distribution and Rollover Election

 

INSTRUCTIONS: ALABAMA REQUEST FOR DROP DISTRIBUTION AND ROLLOVER ELECTION (Form RSA 10 D-D)

 

 

To request distribution from a Deferred Retirement Option Plan (DROP) or a rollover election in Alabama, file the form discussed in this article. This document can be obtained from the website maintained by the Retirement Systems of Alabama.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 1: Part I concerns the member. Enter your first, middle and last name on the first blank line.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 2: Enter your Social Security number on the second blank line.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 3: Enter your street address or P.O. box number on the third blank line.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 4: Enter your home phone number, including the area code, on the fourth blank line.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 5: Enter your city, state, country and zip code on the fifth blank line.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 6: Part II concerns your distribution options. Check the first statement if you wish to receive a lump sum payment containing all funds from your DROP account, minus the 20% which must be withheld for federal income tax. If this is the case, do not complete Part III.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 7: Check the second statement if you wish to have the entire DROP account balance rolled over into an eligible retirement account listed in Part III.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 8: Check the third statement if you wish to have a certain percentage of the DROP funds rolled over into an eligible retirement account listed in Part III. Enter the percentage.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 9: Indicate with a check mark whether you are transferring funds into an RSA-1 account or another type of retirement account. If the latter, specify.

 

Alabama Request for Drop Distribution And Rollover Election RSA 10 D-D Step 10: Sign and date the first page. If applicable, have the trustee receiving the rollover complete Part III.

 

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