(40 ILCS 5/7-203)
(from Ch. 108 1/2, par. 7-203)
Separate reserves shall be maintained for each participating employee in
such detail as is necessary to administer all benefits provided herein, and
to segregate accurately the separate liabilities of each participating
municipality and its instrumentalities, or of any participating
instrumentality, with respect to each participating employee.
(Source: Laws 1963, p. 161.)