Retirement annuities-Reduction

40 ILCS 5/15-138
in effect
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(40 ILCS 5/15-138) (from Ch. 108 1/2, par. 15-138) Sec. 15-138. Retirement annuities-Reduction. If a participant elects to have a reversionary annuity under this Article, the retirement annuity otherwise payable shall be reduced by the actuarial equivalent of the amount required to provide the reversionary annuity. (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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