Ill. Admin. Code tit. 50, pt. 4440

Irs Qualification Status Requirements for Article 3 Police Pension Funds

AUTHORITY: Implementing Section 1A-103 of the Illinois Pension Code [40 ILCS 5/1A-103]. SOURCE: Adopted at 34 Ill. Reg. 5874, effective April 9, 2010; amended at 38 Ill. Reg. 9507, effective April 16, 2014; amended at 39 Ill. Reg. 4961, effective March 23, 2015.DEPARTMENT OF INSURANCE

4440.10Purpose 4440.20Applicability 4440.30Definitions 4440.40General Rule 4440.50Eligible Rollover Distribution 4440.60Eligible Retirement Plan 4440.70Distributee 4440.80Direct Rollover 4440.85Involuntary Lump Sum Distributions 4440.90General Rule 4440.100Minimum Required Distributions 4440.110Incidental Benefit Rule 4440.120Basic 415 Limitations 4440.130Limitation Year 4440.140Participation in Other Qualified Plans: Aggregation of Limits 4440.150Basic 415(b) Limitation 4440.160Definition of Annual Benefit 4440.170Adjustments to Basic 415(b) Limitation for Form of Benefit 4440.180Benefits Not Taken into Account for 415(b) Limit 4440.190Other Adjustments in 415(b) Limitation 4440.200Less than 10 Years of Service Adjustment for 415(b) Limitations 4440.220Effect of COLA without a Lump Sum Component on 415(b) Testing 4440.230Effect of COLA with a Lump Sum Component on 415(b) Testing 4440.240415(c) Limit 4440.250Service Purchases under IRC Section 415(n)4440.260Modification of Contributions for 415(c) and 415(n) Purposes 4440.270Repayments of Cashouts 4440.280Reduction of Benefits Priority 4440.290Compliance with Internal Revenue Code 4440.300Plan Termination 4440.310Vesting and Forfeitures 4440.320HEART Act