40 ILCS 5/11-152: Term annuities - How computed.
Where this section sits in the code
- CHAPTER 40 PENSIONS
- 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