Illinois Compiled Statutes 110 ILCS 95 University Employees Custodial Accounts Act. Section 3

    (110 ILCS 95/3) (from Ch. 144, par. 1703)

    Sec. 3. Any income deferred under this Act shall continue to be included as regular compensation for the purpose of contributing to and receiving benefits from the retirement system of such employee. Any sum so deferred shall not be included in the computation of any federal or State income taxes withheld on behalf of such employee.

(Source: P.A. 83-261.)

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Last modified: February 18, 2015