§4404.120. Forfeiture

Latest version.

Transferred credit that is not granted due to failure to pay the additional contribution, if applicable, within the required time is lost. It may not be transferred to another pension fund and may not be reinstated in the pension fund from which it was transferred. [40 ILCS 5/3-110(d)(5)]

(Source: Amended at 35 Ill. Reg. 2120, effective January 24, 2011)

                    
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