(40 ILCS 5/14-103.21) (from Ch. 108 1/2, par. 14-103.21)
Sec. 14-103.21.
Actuarial reserves.
"Actuarial reserves": An accumulation of funds in advance of benefit
payments which will be sufficient with respect to each
member and his beneficiaries, if any, to pay the prescribed benefits,
computed according to the actuarial tables, without further
contributions by or on behalf of the member.
(Source: P.A. 80-841.)
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