Illinois Administrative Code
Title 50 - INSURANCE
Part 4415 - PAYMENT OF ANNUAL COMPLIANCE FEES FOR PENSION FUNDS
Section 4415.90 - Penalties
Universal Citation: 50 IL Admin Code ยง 4415.90
Current through Register Vol. 48, No. 12, March 22, 2024
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.
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