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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 14-103.23. Regular interest.

57 words·~1 min read·/il/chapter-40/act-5/14-103-23

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Sec. 14-103.23. Regular interest. "Regular interest": Interest at such rate determined from the actual experience of the system as may be prescribed by the board, compounded annually. Credit for regular interest each fiscal year on a member's individual contribution account shall be computed on the accumulated balance in the account at the beginning of each fiscal year.
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