Illinois Compiled Statutes 40 ILCS 5/4-105c – Participant
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/4-105c
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
“Participant”: A firefighter or deferred pensioner of a pension fund, or a beneficiary of the pension fund.