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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 12-107. Reserve.

34 words·~1 min read·/il/chapter-40/act-5/12-107

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Sec. 12-107. Reserve.
"Reserve": when applied to an annuity means the present value, according to the applicable actuarial tables and rate of interest, of the payments to be made on account of such annuity.
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