Ill. Admin. Code tit. 50 § 4445.120

Current through Register Vol. 49, No. 2, January 10, 2025
Section 4445.120 - Basic 415 Limitations

Notwithstanding any other provisions to the contrary, and pursuant to 40 ILCS 5/1-116, the member contributions made to, and retirement benefits paid from, a pension fund shall be limited to such extent as may be necessary to conform to the requirements of IRC section 415, for a qualified pension plan.

Ill. Admin. Code tit. 50, § 4445.120