{"data":{"id":"us-il/40-ilcs-5-12-115","jurisdiction":"us-il","citation":"40 ILCS 5/12-115","heading":"Present value.","body":"\"Present value\": The amount of funds presently required to provide an annuity or benefit at some future date when computed according to the actuarial tables.","path":["CHAPTER 40 PENSIONS","Illinois Pension Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=638\u0026ChapterID=9\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:20Z","sha256":"4fb9f20fc0694837ce145fd5ed555a99163f69e2ca989b86b0ba78eb60d6aca0","source_id":"us-il","stale":false,"prev":"us-il/40-ilcs-5-12-114","next":"us-il/40-ilcs-5-12-116"},"notice":"GroundRules: Original legal text. Not legal advice."}