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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 6-205. Automatic increase reserve.

47 words·~1 min read·/il/chapter-40/act-5/6-205

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Sec. 6-205. Automatic increase reserve. Amounts contributed by firemen and the city to provide the 1 1/2% retirement annuity increments as provided in Section 6-164, together with interest allocations, shall be credited to this reserve, and all payments for annuity increments shall be charged to this reserve.
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