80 Ill. Adm. Code 1540.320

Optional Forms of Benefits - Basis of Computation

Last amended: 1999Year: 2026Length: 85 wordsOfficial source
Section 1540 Section 1540.320  Optional Forms of Benefits - Basis of Computation For purposes of computing optional forms of benefit provided in the Retirement Act, the interest used shall be 8.50% per annum and the mortality rate shall be 52% of the rate in Table A, column A plus 48% of the rate in Table A, column B for members and 48% of the rate in Table A, column A plus 52% of the rate in Table A, column B for surviving beneficiaries of members.
80 Ill. Adm. Code 1540.320: Optional Forms of Benefits - Basis of Computation | Justis AI