Illinois Compiled Statutes 40 ILCS 5/10-102 – Board created
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/10-102
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Ex officio: Literally, by virtue of one's office.
The retirement board of the county employees’ annuity and benefit fund constituted in Article 9 of this Code is ex officio the retirement board for the forest preserve district employees’ annuity and benefit fund.