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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 5-208.1. Automatic increase reserve.

66 words·~1 min read·/il/chapter-40/act-5/5-208-1

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Sec. 5-208.1. Automatic increase reserve. Amounts deducted from the salaries of policemen and matching contributions by the City for the purposes of the automatic increase in annuity provided in Section 5-167.1, together with interest thereon, shall be credited to the Automatic Increase Reserve, and all payments of increased annuities and salary deduction refunds as provided in that Section shall be charged to the Automatic Increase Reserve.
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