Illinois Statutes
§ 2-115 — Prescribed rate of interest
Illinois § 2-115
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 2 - General Assembly Retirement System
This text of Illinois § 2-115 (Prescribed rate of 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. 2-115 (2026).
Text
"Prescribed rate of interest": 3% per annum compounded annually, or such other rate determined from the actual experience of the system as may be prescribed by the board.
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Legislative History
(Source: Laws 1963, p. 161.)
Nearby Sections
15
§ 2-101
Creation of system§ 2-102
Terms defined§ 2-103
System§ 2-104
Board§ 2-105
Member§ 2-105.1
(Repealed)§ 2-105.2
(Repealed)§ 2-105.4
Tier 1 retiree§ 2-106
Eligible member§ 2-107
Participant§ 2-108
§ 2-108§ 2-108.1
§ 2-108.1§ 2-109
Military serviceCite This Page — Counsel Stack
Bluebook (online)
Illinois § 2-115, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/2-115.