Illinois Compiled Statutes 40 ILCS 5 Illinois Pension Code. Section 12-115

    (40 ILCS 5/12-115) (from Ch. 108 1/2, par. 12-115)

    Sec. 12-115. Present value.

    "Present value": The amount of funds presently required to provide an annuity or benefit at some future date when computed according to the actuarial tables.

(Source: Laws 1963, p. 161.)

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Last modified: February 18, 2015