80 Ill. Adm. Code 2700.110
Purpose of Plan
Section 2700.110Â Purpose of
Plan
a)Â Â Â Â Â Â Â Â The purpose of this Plan is to allow Employees to designate a
portion of their Compensation to be withheld each month by the State of Illinois and invested at the discretion of and in a manner approved by the Board in
accordance with section 457 of the Code until Severance of Employment,
Unforeseeable Emergency or death of the Employee.
b)Â Â Â Â Â Â Â Â Participation in this Plan shall not be construed to establish
or create an employment contract between the Employee and the State of Illinois.