Transfers or rollovers
Term · Economic statistics · MLC-T-ECS-001974
Direct payments of plan benefits from a defined contribution plan into an IRA or another employer's plan.
Note: In a direct transfer or rollover, the employee is not taxed on the payment until it is withdrawn or distributed later.
| Identifier | MLC-T-ECS-001974 |
|---|---|
| Field | Economic statistics |
| References | BLS Glossary |
Record as JSON
{
"id": "MLC-T-ECS-001974",
"term": "Transfers or rollovers",
"field": "Economic statistics",
"definition": "Direct payments of plan benefits from a defined contribution plan into an IRA or another employer's plan.\n\nNote: In a direct transfer or rollover, the employee is not taxed on the payment until it is withdrawn or distributed later.",
"references": [
"BLS Glossary"
],
"url": "https://mlchart.com/terminology/economic-statistics/transfers-or-rollovers/"
}
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