(40 ILCS 5/14-103.23) (from Ch. 108 1/2, par. 14-103.23)
Sec. 14-103.23.
Regular interest.
"Regular interest": Interest at such rate
determined from the actual experience of the system as may be prescribed
by the board, compounded annually. Credit for regular interest each fiscal
year on a member's individual contribution account shall be computed on
the accumulated balance in the account at the beginning of each fiscal year.
(Source: P.A. 80-841.)
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