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Illinois · Through at least Public Act 104-790

40 ILCS 5/11-152: Term annuities - How computed.

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Where this section sits in the code
  1. CHAPTER 40 PENSIONS
  2. Illinois Pension Code.

In any case in which an employee's credit for an annuity for himself or his widow is insufficient - at the time the annuity is fixed - to provide a life annuity of $100 a month for the employee or his widow, a term annuity of equal actuarial value of $100 a month shall be paid for such time as such payments can be made from such credits for the respective annuities.

Collected 2026-09-15T04:46:20Z. Source file · JSON

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