(a) Effective January 1, 2006, member contributions to the fund shall be 7% of monthly compensation. (b) An employee can repay a withdrawal benefit using a rollover distribution from: (1) A direct rollover of an eligible rollover distribution from: a. A qualified plan described in § 401(a) of the United States Internal Revenue Code [26 U.S.C. § 401(a)]; b. An annuity contract described in § 403(b) of the United States Internal Revenue Code [26 U.S.C. § 403(b)]; or c. An eligible plan under § 457(b) of the United States Internal Revenue Code [26 U.S.C. § 457(b)]. (2) A participant contribution of an eligible rollover distribution from: a. A qualified plan described in § 401(a) of the United States Internal Revenue Code [26 U.S.C. § 401(a)]; b. An annuity contract described in § 403(b) of the United States Internal Revenue Code [26 U.S.C. § 403(b)]; or c. An eligible plan under § 457(b) of the United States Internal Revenue Code [26 U.S.C. § 457(b)]. (3) A participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in § 408 of the United States Internal Revenue Code [26 U.S.C. § 408] that is eligible to be rolled over and would otherwise be includible in gross income.
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