Illinois § 16-186.3
Full text of Illinois Illinois Compiled Statutes § 16-186.3, with citation guidance and answers to common questions.
§ 16-186.3.
Reserve for minimum retirement annuity. (a) A Minimum Retirement Annuity Reserve is established for the purpose of crediting funds received and charging disbursements for minimum retirement annuity payments under Section 16-136.2 and Section 16-136.3. This Reserve shall be credited with: (1) The total of all contributions made by annuitants to qualify for the minimum retirement annuity. (2) Amounts contributed to the System by the State of Illinois that are sufficient to assure payment of the minimum retirement annuity payments under Section 16-136.2 and Section 16-136.3. (3) Regular interest computed annually on the average balance in this Reserve. This Reserve shall be charged with all minimum retirement annuity payments under Section 16-136.2 and Section 16-136.3. (b) After all minimum retirement annuity payments have been completed, any remaining funds shall be transferred from this Reserve to the Benefit Trust Reserve. (Source: P.A. 93-469, eff. 8-8-03.)
Frequently Asked Questions About Illinois § 16-186.3
What does Illinois Compiled Statutes § 16-186.3 cover?
Section 16-186.3 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 § 16-186.3?
A common citation format is "Illinois Compiled Statutes § 16-186.3" (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 § 16-186.3 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.