40 ILCS 5/11-117

Current through Public Acts 103-1 through 103-587, 103-589, and 103-590
Section 40 ILCS 5/11-117 - Reserve basis

"Reserve basis": A method for the calculation of annuities from credited sums by recognized actuarial criteria involving a designated mortality table and a specified rate of interest.

40 ILCS 5/11-117

Laws 1963, p. 161.