40 ILCS 5/11-117

in effect

(40 ILCS 5/11-117) (from Ch. 108 1/2, par. 11-117) Sec. 11-117. Reserve basis. "Reserve basis": A method for the calculation of annuities from credited sums by recognized actuarial criteria involving a designated mortality table and a specified rate of interest. (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