(30 ILCS 105/24.12)
Sec. 24.12. "State retirement contribution for annual normal cost" defined. The term "State retirement contribution for annual normal cost" means the portion of the total required State contribution to a retirement system for a fiscal year that represents the State's portion of the System's projected normal cost for that fiscal year, as determined and certified by the board of trustees of the retirement system in conformance with the applicable provisions of the Illinois Pension Code.
(Source: P.A. 98-599, eff. 6-1-14.)
Sections: Previous 24.4 24.5 24.6 24.7 24.8 24.10 24.11 24.12 24.13 25 25.2 25.5 29a 30 30c Next
Last modified: February 18, 2015