40 ILCS 5/2-125

Current through Public Act 103-1052

Section 40 ILCS 5/2-125 - [Text of Section WITHOUT the changes made by P.A. 98-599, which has been held unconstitutional] Obligations of State; funding guarantee

The payment of (1) the required State contributions, (2) all benefits granted under this system and (3) all expenses of administration and operation are obligations of the State to the extent specified in this Article.

All income, interest and dividends derived from deposits and investments shall be credited to the account of the system in the State Treasury and used to pay benefits under this Article.

40 ILCS 5/2-125

P.A. 83-1440.

This section is set out more than once due to postponed, multiple, or conflicting amendments.