Illinois Statutes
§ 11-173 — Interest credits-All employees
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
Amounts credited for age and service and prior service annuity shall be improved by interest at the effective rate from the end of the month in which the contributions were due during the time thereafter an employee is in service until his annuity is fixed if a present employee or until attainment of age 65 if a future entrant or a re-entrant.
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Legislative History
(Source: Laws 1963, p. 161.)
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