Ill. Admin. Code tit. 80 § 2120.420

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

Section 2120.420 - Crediting of Accounts

a) There shall be credited to a Participant's medical care assistance account for each Plan Year, as of each Pay Period, an amount equal to the reduction made in the Participant's Compensation in accordance with the Participant's election.

b) All amounts credited to each such medical care assistance account shall be the property of the State until paid out pursuant to Subpart F of this Part.

c) No interest will be credited to the Participants Accounts on balances in the medical care assistance account.

Ill. Admin. Code tit. 80, § 2120.420