Illinois Statutes
§ 20-128 — Payment of benefits
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 20 - Retirement Systems Reciprocal Act
Two or more participating systems may agree to have the combined benefits paid by one of the systems, in which case, the system which pays the combined benefit shall receive from the other system, a lump sum payment equal to the actuarial equivalent of the proportional annuity determined in accordance with annuity tables which are acceptable to both systems.
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Illinois § 20-128 (Payment of benefits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 78-779.)
Nearby Sections
15
§ 20-102
Terms defined§ 20-103
Effective date§ 20-104
Employee§ 20-105
Employer§ 20-106
§ 20-106§ 20-107
Governmental unit§ 20-108
Participating system§ 20-109
§ 20-109§ 20-110
Retirement annuity§ 20-111
Retirement system§ 20-112
Survivor's annuity§ 20-113
The 1955 Act§ 20-114
Benefits covered by this article