Illinois Statutes
§ 7-124 — Prescribed rate of interest
Illinois § 7-124
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 7 - Illinois Municipal Retirement Fund
This text of Illinois § 7-124 (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. 7-124 (2026).
Text
"Prescribed rate of interest": The rate of interest to be used for calculation of the rates of municipality contributions and amounts of annuities and benefits as determined by the board on the basis of the probable effective rate of interest on a long term basis.
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Legislative History
(Source: Laws 1963, p. 161.)
Nearby Sections
15
§ 7-101
Creation of fund§ 7-102
Purpose§ 7-103
Terms defined§ 7-104
Fund§ 7-105
§ 7-105§ 7-106
Participating municipality§ 7-107
Instrumentality§ 7-109
Employee§ 7-109.1
§ 7-109.1§ 7-109.2
§ 7-109.2§ 7-109.4
Tier 1 regular employee§ 7-109.5
Tier 2 regular employee§ 7-110
Participating employeeCite This Page — Counsel Stack
Bluebook (online)
Illinois § 7-124, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/7-124.