Illinois Statutes
§ 18-117 — Prescribed rate of interest
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 18 - Judges Retirement System Of Illinois
"Prescribed rate of interest": 4% per annum compounded annually, or such other rate prescribed by the board based on expected long term investment returns and the experience of the system.
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Legislative History
(Source: P.A. 83-1440.)
Nearby Sections
15
§ 18-101
Creation of fund§ 18-102
Purpose§ 18-103
Terms defined§ 18-104
Effective date§ 18-105
System§ 18-106
Board§ 18-107
Employer§ 18-108
Judge§ 18-109
Eligible judge§ 18-110
Participant§ 18-111
Salary§ 18-112
§ 18-112§ 18-112.1
§ 18-112.1§ 18-112.3
§ 18-112.3