40 ILCS 5/18-117

40 ILCS 5/18-117
in effect
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(40 ILCS 5/18-117) (from Ch. 108 1/2, par. 18-117) Sec. 18-117. Prescribed rate of interest. "Prescribed rate of interest": 4% per annum compounded annually, or such other rate prescribed by the board based on expected long term investment returns and the experience of the system. (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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