Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 2700 - STATE (OF ILLINOIS) EMPLOYEES' DEFERRED COMPENSATION PLAN
Subpart C - ADMINISTRATION
Section 2700.320 - Deferred Compensation Hardship Committee
Universal Citation: 80 IL Admin Code ยง 2700.320
Current through Register Vol. 48, No. 38, September 20, 2024
a) A Hardship Committee shall be formed that shall be responsible for determining whether any Participant has suffered an Unforeseeable Emergency and is entitled to a distribution under Section 2700.740 of this Part.
b) Members of the Hardship Committee shall include:
1) one
Department employee;
2) one
representative of the Board; and
3)
one person appointed by the Department who is not an employee of the
Department.
c) Members of this Committee shall be entitled to defer Compensation so long as they are otherwise eligible; however, no member of the Hardship Committee shall make any determination with respect to any interest that he or she may have under the Plan.
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