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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 11-117. Reserve basis.

31 words·~1 min read·/il/chapter-40/act-5/11-117

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Sec. 11-117. Reserve basis.
"Reserve basis": A method for the calculation of annuities from credited sums by recognized actuarial criteria involving a designated mortality table and a specified rate of interest.
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