80 Ill. Adm. Code 2700.640
Method of Making Investment Requests
Section 2700.640 Method of
Making Investment Requests
a) A Participant shall, at the time of enrollment, make an
investment request under the Plan, unless the Participant is automatically
enrolled in the Plan.
b) Once made, an investment request shall continue for any
deferments unless later changed by the Participant.
c) A Participant may change investment requests for future
amounts of Deferred Compensation an unlimited number of times.
d) A change in investment request shall be made to the Plan's Recordkeeper
by telephone notice or use of internet on-line access programs. To the extent
allowed by law, the Recordkeeper shall make a Participant financially whole in
situations in which a Participant's transaction request was received timely and
in good order, but, due to an error or omission by the Recordkeeper, was not
executed in compliance with the Participant's instructions.
e) A Participant may change an investment request governing
amounts previously deferred. However, after June 1, 1994, amounts previously
deferred into the stable value option shall not be exchanged directly or
indirectly into a money market fund. Any exchange from the stable value option
must first be exchanged into one of the other investment options for a period
of 90 days.