Ill. Admin. Code tit. 80 § 2700.820

Current through Register Vol. 48, No. 43, October 25, 2024

Section 2700.820 - Missing Persons

a) If the Department is unable to ascertain the whereabouts or identity of any person who is due to receive a benefit under this Plan at the time that benefit is due, the Department shall attempt to serve notice on such person by certified mail addressed to that person's last known address.

b) Should such attempt to serve notice fail, the Department shall ask the help of the Department of Financial Institutions in advertising the need to locate the person pursuant to 38 Ill. Adm. Code 180.

c) Should such attempt to locate that person fail, the Department shall authorize payment of that benefit and all other benefits due such a person to the primary Beneficiary(ies).

d) If there are no other primary Beneficiaries, the Department shall authorize payment of that benefit to the contingent Beneficiaries.

e) If there are no contingent Beneficiaries, the Department shall authorize payment of that benefit to the estate of the Participant.

f) If there is no open estate, or if the heirs of the estate cannot be found to open an estate, then seven years after the Participant's death, the Department shall authorize payment of that benefit to the General Revenue Fund of the State of Illinois.

Ill. Admin. Code tit. 80, § 2700.820

Amended at 23 Ill. Reg. 6039, effective May 5, 1999