Reserves

40 ILCS 5/4-120
in effect
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(40 ILCS 5/4-120) (from Ch. 108 1/2, par. 4-120) Sec. 4-120. Reserves. The board shall establish and maintain a reserve to insure the payment of all obligations incurred under this Article. The reserve to be accumulated shall be equal to the estimated total actuarial requirements of the Fund. (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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