(40 ILCS 5/17-103) (from Ch. 108 1/2, par. 17-103)
Sec. 17-103. Actuarial equivalent.
"Actuarial equivalent": A pension equal to the value of another sum or pension when computed according to the actuarial tables and rate of interest in use by the board.
(Source: Laws 1963, p. 161.)
Sections: Previous 17-101 17-102 17-103 17-104 17-105 17-105.1 17-106 17-106.1 17-107 17-108 17-109 17-109.1 17-109.2 17-110 Next
Last modified: February 18, 2015