40 ILCS 5/14-103.23

40 ILCS 5/14-103.23
in effect
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(40 ILCS 5/14-103.23) (from Ch. 108 1/2, par. 14-103.23) Sec. 14-103.23. Regular interest. "Regular interest": Interest at such rate determined from the actual experience of the system as may be prescribed by the board, compounded annually. Credit for regular interest each fiscal year on a member's individual contribution account shall be computed on the accumulated balance in the account at the beginning of each fiscal year. (Source: P.A. 80-841.)
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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