Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 2700 - STATE (OF ILLINOIS) EMPLOYEES' DEFERRED COMPENSATION PLAN
Subpart G - DISTRIBUTIONS
Section 2700.735 - Distribution for Certain Balances of $5, 000 or Less
Universal Citation: 80 IL Admin Code ยง 2700.735
Current through Register Vol. 48, No. 52, December 27, 2024
At the direction of the Participant, a Participant's total Account Balance shall be paid in a lump sum on the next Valuation Date following the direction if:
a) the total Account Balance does not exceed $5,000;
b) the Participant has not previously received a distribution of the total amount payable to the Participant under this Section; and
c) no Annual Deferral has been made with respect to the Participant during the 2-year period ending immediately before the date of the distribution.
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