Reserves

40 ILCS 5/4-120 — under Illinois Pension Code.

40 ILCS 5/4-120

(40 ILCS 5/4-120) (from Ch. 108 1/2, par. 4-120)

Sec. 4-120. Reserves. The board shall establish and maintain a reserve to insure the payment of all obligations incurred under this Article. The reserve to be accumulated shall be equal to the estimated total actuarial requirements of the Fund.

(Source: P.A. 83-1440.)