Ill. Admin. Code tit. 50, § 4440.85 - Involuntary Lump Sum Distributions

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

Involuntary lump sum distributions shall not be made except in the following situations:

a) The distribution is made to a member who is at least normal retirement age under the plan.
b) The distribution to be made to a member does not exceed $1000 (excluding rollover contributions).
c) The distribution is made to a survivor or beneficiary of a member.

Notes

Ill. Admin. Code tit. 50, § 4440.85

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