About Direct Rollover
In addition to contributions that you make to the Plan through payroll deductions, you may also transfer or “roll-over” the balance of other retirement savings accounts to your AP-MPPP account. A rollover contribution generally refers to a transfer of assets from a former employer’s qualified retirement plan or Individual Retirement Account (IRA).Consolidating your retirement savings into one account will make it easier to ensure all of your retirement savings are properly allocated for your age and risk tolerance. Additionally, all of your retirement savings will be in one place and reported on one statement, so you will not lose track of old accounts over time.