Ill. Admin. Code tit. 50, § 4415.40 - Annual Compliance Fee Amount

Every pension fund that is required to file an annual statement under Section 1A-109 of the Code shall pay an annual compliance fee pursuant to the following schedule:

a) In the case of a pension fund under Article 3 or 4 of the Code, the annual compliance fee is 0.02 % (2 basis points) of the total assets of the pension fund, as reported in the most current annual statement of the fund, but no more than $8,000; or

b) In the case of all other pension funds and retirement systems, the annual compliance fee shall be $8,000. [ 40 ILCS 5/1A-112(a) ]

Notes

Ill. Admin. Code tit. 50, § 4415.40

Amended at 30 Ill. Reg. 13176, effective July 24, 2006

Recodified from 4415.40 at 41 Ill. Reg. 4978.