Ill. Admin. Code tit. 50, § 4415.90 - Penalties

Current through Register Vol. 46, No. 15, April 8, 2022

Every pension fund required to pay an annual compliance fee pursuant to Section 4415.20 will also be subject to a penalty as set forth in Section 1A-113(c) of the Illinois Pension Code [ 40 ILCS 5 ] and may also be subject to a civil penalty as set forth in Section 1A-113(d)(5) of the Code and 50 Ill. Adm. Code 4435.60 if the pension fund fails to comply by the payment due date, as set forth in Section 4415.60.

Notes

Ill. Admin. Code tit. 50, § 4415.90

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

Recodified from 4415.90 at 41 Ill. Reg. 4978. Amended at 43 Ill. Reg. 413, effective 12/21/2018

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