Illinois § 16-185
Full text of Illinois Illinois Compiled Statutes § 16-185, with citation guidance and answers to common questions.
§ 16-185.
Benefit Trust Reserve. (a) On July 1, 2003, the Employer's Contribution Reserve shall be renamed the Benefit Trust Reserve. The Benefit Trust Reserve shall serve as a clearing account for income and expenses of the System as well as transfers to and from the other reserve accounts established under this Article and adjustments thereto. (b) This Reserve shall be credited with all contributions, investment income, and other income received by the System, except as otherwise required by this Article. (c) This Reserve shall be charged with all benefits and refunds paid and all other expenses of the System, except as otherwise required under this Article. (Source: P.A. 93-469, eff. 8-8-03.)
Frequently Asked Questions About Illinois § 16-185
What does Illinois Compiled Statutes § 16-185 cover?
Section 16-185 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 16-185?
A common citation format is "Illinois Compiled Statutes § 16-185" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 16-185 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.