(40 ILCS 5/22-901.1) (from Ch. 108 1/2, par. 22-901.1)
Sec. 22-901.1.
Actuarial tables defined.
Tabular listings of assumed rates of decrement representing such factors
as death, disability, separation from service, and ages of retirement,
according to sex and ages of members of the retirement systems, together
with mathematical functions derived from rates of probability combined with
an interest discount factor that may be adopted by a board of trustees or
retirement board upon recommendation of a qualified actuary based upon the
experience of the pension fund or retirement system.
(Source: P.A. 77-1200.)
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