(40 ILCS 5/8-157)
(from Ch. 108 1/2, par. 8-157)
Term annuities-How computed.
In any case in which an employee's credit for an annuity for himself is
insufficient--at the time the annuity is fixed or granted--to provide for
him a life annuity of $100 a month, a term annuity of equal actuarial value
of $100 a month shall be paid in lieu of such lesser amount of life annuity.
The same provision shall apply to a widow's annuity if the life annuity is
less than $100 a month.
(Source: P.A. 79-846.)