Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE50. INSURANCE |
PART4445. IRS QUALIFICATION STATUS REQUIREMENTS FOR ARTICLE 4 FIREFIGHTER PENSION FUNDS |
SUBPARTC. RULE ON REQUIRED DISTRIBUTIONS |
§4445.90. General Rule
Latest version.
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Notwithstanding any other provision to the contrary, and pursuant to 40 ILCS 5/1-116.1, distributions from a pension fund shall conform with a good faith interpretation of IRC section 401(a)(9) and the regulations under that section (26 CFR 1.401(a)(9)) as applicable to a governmental plan within the meaning of IRC section 414(d).