Illinois Administrative Code
Title 50 - INSURANCE
Part 4404 - PORTABILITY OF CREDITABLE SERVICE TIME FOR DOWNSTATE AND SUBURBAN POLICE PENSION FUNDS
Section 4404.120 - Forfeiture
Universal Citation: 50 IL Admin Code ยง 4404.120
Current through Register Vol. 48, No. 12, March 22, 2024
Transferred credit that is not granted due to failure to pay the additional contribution, if applicable, within the required time is lost. It may not be transferred to another pension fund and may not be reinstated in the pension fund from which it was transferred. [40 ILCS 5/3-110(d)(5) ]
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