Sec. 6-146. Term annuities-How computed.
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/il/chapter-40/act-5/6-146A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 6-146. Term annuities-How computed.
Whenever the sum to a fireman's credit for an annuity to him or his widow is insufficient to provide a life annuity of $25 per month to either of them, a term annuity of such amount of equal actuarial value shall be payable for the period of time established as the term period. Such annuity shall cease upon death prior to the end of the term period.