- a) the total Account Balance does not exceed $7,000;
- b) the Participant has not previously received a distribution of the total amount payable to the Participant under this Section; and
- c) no Annual Deferral has been made with respect to the Participant during the 2-year period ending immediately before the date of the distribution.
At the direction of the Participant, a Participant's total Account Balance shall be paid in a lump sum on the next Valuation Date following the direction if:
(Source: Amended at 49 Ill. Reg. 11174, effective August 25, 2025)