§2700.320. Deferred Compensation Hardship Committee

a)         A Hardship Committee shall be formed that shall be responsible for determining whether any Participant has suffered an Unforeseeable Emergency and is entitled to a distribution under Section 2700.740 of this Part.

 

b)         Members of the Hardship Committee shall include:

 

1)         one Department employee;

 

2)         one representative of the Board; and

 

3)         one person appointed by the Department who is not an employee of the Department.

 

c)         Members of this Committee shall be entitled to defer Compensation so long as they are otherwise eligible; however, no member of the Hardship Committee shall make any determination with respect to any interest that he or she may have under the Plan.

 

(Source:  Amended at 33 Ill. Reg. 13451, effective September 14, 2009)