40 ILCS 5/11-117

(40 ILCS 5/11-117) (from Ch. 108 1/2, par. 11-117)

Sec. 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.

(Source: Laws 1963, p. 161.)