Illinois Statutes
§ 9-153 — Term annuities - How computed
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 9 - County Employees' and Officers' Annuity and Benefit Fund - Counties Over 3,000,000 Inhabitants
In any case in which an employee's credit for an annuity for himself or his widow is insufficient - at the time the annuity is fixed, - to provide an immediate life annuity of $150 a month for the employee or his widow, a term annuity of equal actuarial value of $150 a month shall be paid for such time as such payments can be made from such credits for the respective annuities.
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Legislative History
(Source: P.A. 83-1362.)
Nearby Sections
15
§ 9-101
Creation of fund§ 9-102
Terms defined§ 9-103
Fund§ 9-104
The 1925 Act§ 9-105
County pension fund§ 9-106
Effective date§ 9-107
Retirement board or board§ 9-108.1
§ 9-108.1§ 9-108.2
Gender§ 9-108.3
In service§ 9-109
"Present employee"§ 9-110
"Future entrant"§ 9-111
Re-entrant§ 9-112
Salary