Section 2700.640  Method of Making Investment Requests

a)         A Participant shall, at the time of enrollment, make an investment request on a form provided for that purpose by the Department.

b)         Once made, an investment request shall continue for any deferments unless later changed by the Participant.

c)         A Participant may change investment requests for future amounts of Deferred Compensation an unlimited number of times.

d)         A change in investment request shall be made to the Plan's record keeper by telephone notice or use of internet on-line access programs.

e)         A Participant may change an investment request governing amounts previously deferred.  However, after June 1, 1994, amounts previously deferred into the stable value option shall not be exchanged directly or indirectly into a money market or bond fund.  Any exchange from the stable value option must first be exchanged into one of the other investment options for a period of 90 days.

f)          There will be no charge for the first exchange each quarter of each Plan Year.  Each additional exchange will be assessed a transaction charge of $10.

(Source:  Amended at 30 Ill. Reg. 8408, effective April 21, 2006)