Illinois Compiled Statutes > 40 ILCS 5 > Article 22 > Division 9 – General
Current as of: 2024 | Check for updates
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Other versions
| § 40 ILCS 5/22-901 | General provisions and savings clause |
| § 40 ILCS 5/22-901.1 | Actuarial tables defined |
| § 40 ILCS 5/22-901.2 | Adjustment of retirement annuity under reversionary annuity option |
Terms Used In Illinois Compiled Statutes > 40 ILCS 5 > Article 22 > Division 9 - General
- 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.
- 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
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14