Ill. Admin. Code tit. 80 § 2700.420

Current through Register Vol. 48, No. 52, December 27, 2024

Section 2700.420 - Allowable Deferrals

a) Minimum Deferrals. Each Employee who becomes a Participant must agree to defer a minimum amount of $10 per Pay Period or 1% of Compensation each Pay Period.

b) Maximum Deferrals - No limit. Participants may contribute any whole percentage or dollar amount up to 100% of currently available Compensation each payroll period, subject to the limitations under Code sections 402(g) and 415.

Ill. Admin. Code tit. 80, § 2700.420

Amended at 30 Ill. Reg. 8408, effective April 21, 2006

Amended at 46 Ill. Reg. 15777, effective 8/31/2022