Statutes, codes, and regulations
Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 1540 - THE ADMINISTRATION AND OPERATION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM OF ILLINOIS
Section 1540.320 - Optional Forms of Benefits - Basis of Computation

Ill. Admin. Code tit. 80 § 1540.320

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Current through Register Vol. 48, No. 24, June 14, 2024
Section 1540.320 - Optional Forms of Benefits - Basis of Computation

For purposes of computing optional forms of benefit provided in the Retirement Act, the interest used shall be 8.50 % per annum and the mortality rate shall be 52% of the rate in Table A, column A plus 48% of the rate in Table A, column B for members and 48% of the rate in Table A, column A plus 52% of the rate in Table A, column B for surviving beneficiaries of members.

Ill. Admin. Code tit. 80, § 1540.320

Amended at 23 Ill. Reg. 3824, effective March 9, 1999