Illinois Administrative Code
Title 50 - INSURANCE
Part 4415 - PAYMENT OF ANNUAL COMPLIANCE FEES FOR PENSION FUNDS
Section 4415.40 - Annual Compliance Fee Amount
Universal Citation: 50 IL Admin Code ยง 4415.40
Current through Register Vol. 48, No. 12, March 22, 2024
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) ]
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
