50 Ill. Adm. Code 4440.85

Involuntary Lump Sum Distributions

Year: 2026Length: 66 wordsOfficial source
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.
50 Ill. Adm. Code 4440.85: Involuntary Lump Sum Distributions | Justis AI