40 ILCS 5/6-204: Death benefit reserve.
Where this section sits in the code
- CHAPTER 40 PENSIONS
- Illinois Pension Code.
Amounts contributed by firemen and the city for ordinary death benefits shall be credited to this reserve and all such benefits shall be charged to this reserve. At the close of each fiscal year, interest at the rate of 3% per year shall be credited on the mean balance in this reserve.
Collected 2026-09-15T04:46:20Z. Source file · JSON