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TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE D: RETIREMENT SYSTEMS CHAPTER II: STATE UNIVERSITIES RETIREMENT SYSTEM PART 1600 UNIVERSITIES RETIREMENT SECTION 1600.620 MODIFIED QILDROS
Section 1600.620 Modified QILDROs
a) A QILDRO that has been modified by the issuing court must be submitted in the same manner as the original QILDRO. A separate $50 non-refundable processing fee is required for each modified QILDRO.
b) A modified QILDRO will hold the same priority of payment that the original QILDRO held, as long as it does not increase the amount (other than cost-of-living adjustment) of any benefit payable to the alternate payee or affect a different benefit.
c) If a modified QILDRO does increase the amount or affect different benefits (other than cost-of-living adjustment), it will lose the priority held by the original QILDRO and payment will be based on the date SURS received the modified QILDRO.
(Source: Added at 25 Ill. Reg. 10206, effective July 30, 2001; recodified from Section 1600.154 to Section 1600.620 at 31 Ill. Reg. 10194) |