Illinois Statutes
§ 12-115 — Present value
Illinois § 12-115
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000
This text of Illinois § 12-115 (Present value) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 Ill. Comp. Stat. 12-115 (2026).
Text
"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.
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Legislative History
(Source: Laws 1963, p. 161.)
Nearby Sections
15
§ 12-101
Creation of fund§ 12-102
Terms defined§ 12-103
The 1919 Act§ 12-105
Retirement board or board§ 12-106
Actuarial tables§ 12-107
Reserve§ 12-108
Highest salary§ 12-109
Service§ 12-111
Withdrawal or withdraws§ 12-112
Future entrant§ 12-114
Regular interest§ 12-115
Present value§ 12-116
Fiscal year§ 12-117
ContributionsCite This Page — Counsel Stack
Bluebook (online)
Illinois § 12-115, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/12-115.