40 ILCS 5/16-122

40 ILCS 5/16-122
in effect
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(40 ILCS 5/16-122) (from Ch. 108 1/2, par. 16-122) Sec. 16-122. Actuarial equivalent. "Actuarial equivalent": A benefit or sum of equal value to another benefit or sum when computed on the basis of mortality tables and interest rates adopted by the board. (Source: P.A. 83-1440.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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