Illinois Statutes
§ 14-103.23 — Regular interest
Illinois § 14-103.23
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 14 - State Employees' Retirement System Of Illinois
This text of Illinois § 14-103.23 (Regular interest) 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. 14-103.23 (2026).
Text
"Regular interest": Interest at such rate determined from the actual experience of the system as may be prescribed by the board, compounded annually. Credit for regular interest each fiscal year on a member's individual contribution account shall be computed on the accumulated balance in the account at the beginning of each fiscal year.
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Legislative History
(Source: P.A. 80-841.)
Nearby Sections
15
§ 14-101
Creation of system§ 14-102
Purpose§ 14-103
Terms defined§ 14-103.01
Retirement system or system§ 14-103.02
Board of trustees or board§ 14-103.03
Date of establishment§ 14-103.04
Department§ 14-103.05
Employee§ 14-103.06
Member§ 14-103.07
Annuitant§ 14-103.08
Beneficiary§ 14-103.09
Service§ 14-103.10
§ 14-103.10§ 14-103.11
Rate of Compensation§ 14-103.12
Final average compensationCite This Page — Counsel Stack
Bluebook (online)
Illinois § 14-103.23, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/14-103.23.