This version of the form is not currently in use and is provided for reference only. Download this version of Form 6025 for the current year.
This is a legal form that was released by the Kentucky Retirement System - a government authority operating within Kentucky. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form 6025?
A: Form 6025 is the Direct Rollover/Direct Payment Election Form for a Member or a Beneficiary of an Eligible Rollover Distribution in Kentucky.
Q: Who can use Form 6025?
A: Form 6025 can be used by members or beneficiaries of an eligible rollover distribution in Kentucky.
Q: What is a direct rollover?
A: A direct rollover is when retirement plan funds are transferred directly from one qualified plan to another without the funds being distributed to the individual.
Q: What is a direct payment?
A: A direct payment is when retirement plan funds are paid directly to the individual.
Q: What is an eligible rollover distribution?
A: An eligible rollover distribution is a distribution of retirement plan funds that are eligible to be rolled over into another qualified plan or IRA.
Q: Why would someone use Form 6025?
A: Someone would use Form 6025 to make an election for a direct rollover or direct payment of an eligible rollover distribution.
Q: Are there any deadlines for submitting Form 6025?
A: Yes, the form must be submitted within 60 days of the distribution.
Q: Are there any taxes or penalties associated with a direct rollover?
A: No, a direct rollover is a tax-free and penalty-free transfer of retirement plan funds.
Q: Can Form 6025 be used for non-rollover distributions?
A: No, Form 6025 is specifically designed for eligible rollover distributions only.
Form Details:
Download a fillable version of Form 6025 by clicking the link below or browse more documents and templates provided by the Kentucky Retirement System.