Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 2700 - STATE (OF ILLINOIS) EMPLOYEES' DEFERRED COMPENSATION PLAN
Subpart C - ADMINISTRATION
Section 2700.300 - Responsibilities of the Department

Universal Citation: 80 IL Admin Code ยง 2700.300

Current through Register Vol. 48, No. 38, September 20, 2024

a) Subject to the general supervision of the Board as provided in Section 2700.310, the Department has the full authority to administer the Plan and promulgate, adopt, amend or revoke internal management procedures that are consistent with, and necessary to implement and maintain, this Plan.

b) The Department, or Recordkeeper, will communicate the obligations contained in this Plan and other information as the Department deems necessary to administer the Plan (e.g., Participant biographical information).

c) The Department shall work with the Pay Agency and Recordkeeper as needed to withdraw and return any excess amount deferred consistent with Section 2700.440(f). This subsection (c) does not apply to Loan repayments under Section 2700.770.

d) Pamphlets describing this Plan and outlining the options and opportunities available shall be made available to eligible employees.

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