TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE H: DEFERRED COMPENSATION
CHAPTER I: ILLINOIS STATE BOARD OF INVESTMENT
PART 2700 STATE (OF ILLINOIS) EMPLOYEES' DEFERRED COMPENSATION PLAN
SECTION 2700.735 DISTRIBUTION FOR CERTAIN BALANCES OF $5, 000 OR LESS


 

Section 2700.735  Distribution for Certain Balances of $5, 000 or Less

 

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.

                         

(Source:  Amended at 30 Ill. Reg. 8408, effective April 21, 2006)