Illinois Compiled Statutes 40 ILCS 5/5-173 – Contributions by city for ordinary disability benefits
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/5-173
- 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.
The city shall contribute all amounts ordinarily contributed by it for annuity purposes for a disabled policeman receiving ordinary disability benefit as though he were in active discharge of his duties.