Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 2700 - STATE (OF ILLINOIS) EMPLOYEES' DEFERRED COMPENSATION PLAN
Subpart D - PARTICIPATION IN THE PLAN
Section 2700.430 - Basic Annual Limitation
Universal Citation: 80 IL Admin Code ยง 2700.430
Current through Register Vol. 48, No. 52, December 27, 2024
The maximum amount of the Annual Deferral under the Plan for any calendar year shall not exceed the lesser of the Applicable Dollar Amount or the Participant's Includible Compensation for the calendar year. The Applicable Dollar Amount in a calendar year is adjusted for cost-of-living, to the extent provided under section 415(d) of the Code.
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