Illinois Compiled Statutes 40 ILCS 5 Illinois Pension Code. Section 16-206

    (40 ILCS 5/16-206)

    Sec. 16-206. Defined contribution plan; termination. If the defined contribution plan is terminated or becomes inoperative pursuant to law, then each participant in the plan shall automatically be deemed to have been a contributing Tier 1 member in the System's defined benefit plan during the time in which he or she participated in the defined contribution plan, and for that purpose the System shall be entitled to recover the amounts in the participant's defined contribution accounts.

(Source: P.A. 98-599, eff. 6-1-14.)

Sections:  Previous  16-189.1  16-190  16-190.1  16-191  16-192  16-193  16-197  16-198  16-199  16-200  16-201  16-202  16-203  16-205  16-206

Last modified: February 18, 2015