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Code · Illinois · Chapter 40 — PENSIONS · Act 5

Sec. 7-124. Prescribed rate of interest.

51 words·~1 min read·/il/chapter-40/act-5/7-124

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Sec. 7-124. Prescribed rate of interest.
"Prescribed rate of interest": The rate of interest to be used for calculation of the rates of municipality contributions and amounts of annuities and benefits as determined by the board on the basis of the probable effective rate of interest on a long term basis.
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