Illinois Compiled Statutes 40 ILCS 5/6-187 – To issue certificate of service
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/6-187
- 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.
To issue to each present employee a certificate which shall show the entire period of service rendered by him prior to the effective date and the amounts to his credit as of such date for prior service annuity and widow’s prior service annuity.