40 ILCS 5/7-203

Current through Public Act 103-1052
Section 40 ILCS 5/7-203 - Employee reserves

Separate reserves shall be maintained for each participating employee in such detail as is necessary to administer all benefits provided herein, and to segregate accurately the separate liabilities of each participating municipality and its instrumentalities, or of any participating instrumentality, with respect to each participating employee.

40 ILCS 5/7-203

Laws 1963, p. 161.