Ill. Admin. Code tit. 80 § 2110.420

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

Section 2110.420 - Crediting of Accounts

a) There shall be credited to a Participant's dependent care assistance account for each Plan Year, as of each Pay Period, an amount equal to the reduction made in the Participant's Compensation in accordance with the Participant's election.

b) All amounts credited to each dependent care assistance account shall be the property of the State until paid out pursuant to Subpart F of this Part.

c) No interest will be paid on balances in the dependent care assistance accounts.

Ill. Admin. Code tit. 80, § 2110.420

Amended at 31 Ill. Reg. 352, effective December 28, 2006