Illinois Statutes
§ 11-151 — Computation of interest
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 11 - Laborers' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants
For the computation of interest upon any sum contributed by an employee, it shall be assumed that the sum was contributed on the last day of the calendar month in which such contribution was made.
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Illinois § 11-151 (Computation of interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 81-1536.)
Nearby Sections
15
§ 11-101
Creation of fund§ 11-102
Terms defined§ 11-103
Fund§ 11-104
The 1935 Act§ 11-106
Civil Service Act§ 11-106.1
§ 11-106.1§ 11-107
Employer§ 11-108
Effective date§ 11-109
Retirement board or board§ 11-110.1
Gender§ 11-111
Present employee§ 11-112
Future entrant§ 11-113
Re-entrant