Sec. 13-307. Term annuity.
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/il/chapter-40/act-5/13-307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 13-307. Term annuity. Whenever a retirement or surviving spouse annuity is less than $200 per month, it may be converted to a term annuity in the amount of $200 per month to be paid for such period as is determined in accordance with actuarial tables adopted by the Board.