Illinois Statutes
§ 5-208 — Death benefit reserve
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000
Amounts contributed by policemen and the city for ordinary death benefits shall be credited to this reserve and all such benefits shall be charged to it. At the close of each fiscal year, interest at the rate of 3% per year until December 31, 1977 and at 6% thereafter shall be credited on the mean balance in this reserve.
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Illinois § 5-208 (Death benefit reserve) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 81-1536.)
Nearby Sections
15
§ 5-101
Creation of fund§ 5-102
Terms defined§ 5-103
§ 5-103§ 5-104
Park Policemen's Annuity Act§ 5-107
Effective date§ 5-109
Policeman§ 5-109.1
Gender§ 5-110
Present employee§ 5-111
Future entrant§ 5-112
Active policeman§ 5-113
Act of duty§ 5-114
Salary