§722.510. Allocation of Investment Earnings or Losses

Investment earnings in excess of the administrative expenses of the ABLE Program and all monies collected by the ABLE Program as penalties as a result of withdrawals that are not used to pay qualified disability expenses, after the payment of expenses:

 

a)         will be credited or paid monthly to participants in the ABLE Program in a manner that reflects:

 

1)         the differing amounts of their respective investments in the ABLE Program; and

 

2)         the differing periods of time for which those amounts were in the custody of the ABLE Program; and

 

b)         will be allocated among the ABLE Program's underlying investment portfolios in a manner determined by the Treasurer.

 

(Source:  Amended at 45 Ill. Reg. 4133, effective March 12, 2021)