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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 6-204. Death benefit reserve.

57 words·~1 min read·/il/chapter-40/act-5/6-204

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Sec. 6-204. Death benefit reserve. Amounts contributed by firemen and the city for ordinary death benefits shall be credited to this reserve and all such benefits shall be charged to this reserve. At the close of each fiscal year, interest at the rate of 3% per year shall be credited on the mean balance in this reserve.
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