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