Ill. Admin. Code tit. 80 § 1650.486
Current through Register Vol. 48, No. 24, June 14, 2024
Once per school year, an employer may make a payment toward a member's 2.2 upgrade, optional service and/or refund balance. The employer contribution under this option may be picked up pursuant to section 414(h)(2) of the Internal Revenue Code of 1986, as amended ( 26 USC 414(h)(2) ), or paid on an after-tax basis as certified by the employer. The employer shall certify to the System whether the payment being made is done so on a tax-deferred or after-tax basis by completing and returning the appropriate form with the payment.
Ill. Admin. Code tit. 80, § 1650.486