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Illinois Statutes Chapter 40. Pensions § 5/24-106. Obligation of State or unit of local government or school district

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 24-106. The State or the unit of local government or school district under a deferred compensation program shall be obligated at any point in time solely for the then current value of the particular fixed or variable life insurance or annuity contract, mutual funds or other investment purchased on behalf of any employee.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 40. Pensions § 5/24-106. Obligation of State or unit of local government or school district - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-40-pensions/il-st-sect-40-5-24-106/

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