40 ILCS 5/24-106

Current through Public Act 103-1056
Section 40 ILCS 5/24-106 - Deferred compensation program - obligation for current value

The State or the unit of local government or school district under a deferred compensation program shall be obligated at any point in time solely for the then current value of the particular fixed or variable life insurance or annuity contract, mutual funds or other investment purchased on behalf of any employee.

40 ILCS 5/24-106

P. A. 78-1277.