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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 15-138. Retirement annuities-Reduction.

37 words·~1 min read·/il/chapter-40/act-5/15-138

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Sec. 15-138. Retirement annuities-Reduction. If a participant elects to have a reversionary annuity under this Article, the retirement annuity otherwise payable shall be reduced by the actuarial equivalent of the amount required to provide the reversionary annuity.
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