Form 6025 Direct Rollover / Direct Payment Election Form for a Member, Beneficiary, or Alternate Payee Regarding an Eligible Rollover Distribution - Kentucky

What Is Form 6025?

This is a legal form that was released by the Kentucky Public Pensions Authority - a government authority operating within Kentucky. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 6025?A: Form 6025 is the Direct Rollover/Direct Payment Election Form for a Member, Beneficiary, or Alternate Payee Regarding an Eligible Rollover Distribution in Kentucky.

Q: Who can use Form 6025?A: Members, beneficiaries, or alternate payees who want to make a direct rollover or direct payment election for an eligible rollover distribution can use Form 6025.

Q: What is an eligible rollover distribution?A: An eligible rollover distribution refers to a distribution from a qualified retirement plan that can be rolled over into another eligible retirement plan or individual retirement account (IRA).

Q: What is a direct rollover?A: A direct rollover is a tax-free movement of funds from one retirement plan into another, without the funds being paid to the individual first.

Q: What is a direct payment?A: A direct payment is the transfer of funds from a qualified retirement plan directly to the individual, without rolling over the funds into another eligible retirement plan or IRA.