Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE50. INSURANCE |
PART4445. IRS QUALIFICATION STATUS REQUIREMENTS FOR ARTICLE 4 FIREFIGHTER PENSION FUNDS |
SUBPARTB. RULE ON ROLLOVERS |
§4445.40. General Rule
Latest version.
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Beginning January 1, 1993, pursuant to 40 ILCS 5/1-106(b), a pension fund may, and to the extent required by federal law shall, at the request of any person entitled to receive an eligible rollover distribution from the pension fund, pay any portion of that eligible rollover distribution directly to an eligible retirement plan designated in writing by the person.