TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE F: EMPLOYEE BENEFITS CHAPTER 1: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES PART 2190 COMMUTER SAVINGS PROGRAM SECTION 2190.520 TERMINATION, LEAVE OF ABSENCE OR DEATH OF PARTICIPANT
Section 2190.520 Termination, Leave of Absence or Death of Participant
a) If a participant terminates employment or takes a leave of absence, the participant must notify the Plan Administrator and his or her GIR by the 10th of the month prior to the termination or leave of absence in order for cancellation of enrollment to be effective at the start of the following month. Participants who do not cancel enrollment by the 10th of the month prior to the termination or leave of absence will continue to be enrolled in the Plan through the month following the date that notice of cancellation is provided and shall remain responsible for the contributions associated with the enrollment.
b) If the participant returns to State service, the participant may re-enroll in the Plan.
c) In the event a participant dies, the participant's participation in the Plan shall be terminated.
(Source: Amended at 37 Ill. Reg. 4253, effective March 22, 2013) |