3863. May a participant who receives a distribution of an annuity from a qualified pension or profit sharing plan surrender the annuity and roll over the proceeds?Nuco Employeercline202014-08-18T14:36:00Z2014-08-18T14:36:00Z1136781Albany Law School6191614Site Map/Individual Retirement Plans/Rollover/Qualified Plan (From)Site Map/Retirement Plans/Rollover/Qualified Plan (From) 2005-01-24T00:00:00ZTaxFactsDefaultArticle116950458-00-tf1.xml460.00;#1807;#2295;#0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900242457EFB8B24247815D688C526CD44D009C4E67E972694125ABDA91AC61F5E51FTax Facts 1May a participant who receives a distribution of an annuity from a qualified pension or profit sharing plan surrender the annuity and roll over the proceeds?102800.000000000TaxFactsDefaultArticle2010-01-15T00:22:44ZSBMEDIA\moss-admin3863. May a participant who receives a distribution of an annuity from a qualified pension or profit sharing plan surrender the annuity and roll over the proceeds?Where a qualified pension or profit sharing plan distributes an ordinary annuity contract, deferred or otherwise, to a participant, the annuity contract or cash amount received on surrender of the contract may be rolled over if the distribution is an eligible rollover distribution and meets the requirements necessary for rollover of such a distribution (Q 3856).IRC Sec. 402(c). For purposes of the sixty day rule, the distribution takes place on distribution of the annuity contract from the plan, not on its surrender or transfer to the receiving plan (Q 3868).See Let. Ruls. 8014034, 8035054.