Ill. Admin. Code tit. 50 § 4440.85

Current through Register Vol. 48, No. 45, November 8, 2024

Section 4440.85 - Involuntary Lump Sum Distributions

Involuntary lump sum distributions shall not be made except in the following situations:

a) The distribution is made to a member who is at least normal retirement age under the plan.

b) The distribution to be made to a member does not exceed $1000 (excluding rollover contributions).

c) The distribution is made to a survivor or beneficiary of a member.

Ill. Admin. Code tit. 50, § 4440.85