Ill. Admin. Code tit. 50 § 4440.230
Current through Register Vol. 48, No. 49, December 6, 2024
On and after January 1, 2009, with respect to a member who receives a portion of the member's annual benefit in a lump sum, a member's applicable limit will be applied taking into consideration cost of living increases as required by IRC section 415(b) and applicable Treasury Regulations ( 26 CFR 1.415(b)).
Ill. Admin. Code tit. 50, § 4440.230