Ill. Admin. Code tit. 80 § 1600.620

Current through Register Vol. 48, No. 52, December 27, 2024

Section 1600.620 - Modified QILDROs

a) A QILDRO or QILDRO Calculation Order that has been modified by the issuing court must be submitted in the same manner as the original order. A separate $50 non-refundable processing fee is required for each modified order.

b) A modified QILDRO will hold the same priority of payment that the original QILDRO held, as long as it does not increase the dollar amount or percentage of any benefit payable to the alternate payee or affect a different benefit that was not previously affected (other than automatic annual increases). A modified QILDRO Calculation Court Order will not affect the priority of payment of the underlying QILDRO.

c) If a modified QILDRO does increase the amount or affect benefits not previously affected (other than automatic annual increases), it will lose the priority held by the original QILDRO and priority of payment will be based on the date SURS received the modified QILDRO.

Ill. Admin. Code tit. 80, § 1600.620

Amended at 33 Ill. Reg. 10757, effective July 1, 2009