Section 722.510  Allocation of Investment Earnings or Losses

Investment earnings in excess of the administrative expenses of the ABLE Program and all monies collected by the ABLE Program as penalties as a result of withdrawals that are not used to pay qualified disability expenses, after the payment of expenses:

a)         will be credited or paid monthly to participants in the ABLE Program in a manner that reflects:

1)         the differing amounts of their respective investments in the ABLE Program; and

2)         the differing periods of time for which those amounts were in the custody of the ABLE Program; and

b)         will be allocated among the ABLE Program's underlying investment portfolios in a manner determined by the Treasurer.

(Source:  Amended at 45 Ill. Reg. 4133, effective March 12, 2021)