{"data":{"id":"us-il/40-ilcs-5-5-120","jurisdiction":"us-il","citation":"40 ILCS 5/5-120","heading":"Interest.","body":"\"Interest\": (a) Interest at 4% per annum for any policeman who was a participant or a contributor to this fund on December 31, 1953; and (b) interest at 3% per annum for any future entrant not a participant or contributor to this fund on December 31, 1953, who becomes a participant or contributor after December 31, 1953.\nFor fund accounts, credits, transfers and charges, \"interest\" means interest at 4% per annum as to amounts applicable to any policeman who was a participant or a contributor on December 31, 1953, and interest at 3% per annum as to amounts applicable to any future entrant who was not a participant or a contributor on December 31, 1953, but who becomes a participant or contributor after December 31, 1953.","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":"97068a0ad0cec72540b5bf6fa73b7664e83d4d7ec044a746ed1450acc2faf626","source_id":"us-il","stale":false,"prev":"us-il/40-ilcs-5-5-119","next":"us-il/40-ilcs-5-5-121"},"notice":"GroundRules: Original legal text. Not legal advice."}