40 ILCS 5/2-115

40 ILCS 5/2-115
in effect
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(40 ILCS 5/2-115) (from Ch. 108 1/2, par. 2-115) Sec. 2-115. Prescribed rate of interest. "Prescribed rate of interest": 3% per annum compounded annually, or such other rate determined from the actual experience of the system as may be prescribed by the board. (Source: Laws 1963, p. 161.)
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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