Illinois Statutes
§ 2-114 — Actuarial tables
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 2 - General Assembly Retirement System
"Actuarial tables": Tabular listings of assumed rates of death, disability, retirement and withdrawal from service and mathematical functions derived from such rates combined with an assumed rate of interest based upon the experience of the system as adopted by the board upon recommendation of the actuary. The adopted actuarial tables shall be used to determine the amount of all benefits under this Article, including any optional forms of benefits. Optional forms of benefits must be the actuarial equivalent of the normal benefit payable under this Article.
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Legislative History
(Source: P.A. 98-1117, eff. 8-26-14.)
Nearby Sections
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§ 2-101
Creation of system§ 2-102
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System§ 2-104
Board§ 2-105
Member§ 2-105.1
(Repealed)§ 2-105.2
(Repealed)§ 2-105.4
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Eligible member§ 2-107
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§ 2-108§ 2-108.1
§ 2-108.1§ 2-109
Military service