Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 2120 - STATE OF ILLINOIS MEDICAL CARE ASSISTANCE PLAN
Subpart E - MEDICAL CARE ASSISTANCE ACCOUNTS
Section 2120.420 - Crediting of Accounts
Universal Citation: 80 IL Admin Code ยง 2120.420
Current through Register Vol. 48, No. 38, September 20, 2024
a) There shall be credited to a Participant's medical care assistance account for each Plan Year, as of each Pay Period, an amount equal to the reduction made in the Participant's Compensation in accordance with the Participant's election.
b) All amounts credited to each such medical care assistance account shall be the property of the State until paid out pursuant to Subpart F of this Part.
c) No interest will be credited to the Participants Accounts on balances in the medical care assistance account.
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