Illinois § 7-205.1
Full text of Illinois Illinois Compiled Statutes § 7-205.1, with citation guidance and answers to common questions.
§ 7-205.1.
Reserves for Disability Benefits. A temporary and total and permanent disability benefit reserves shall be created for payment of all temporary and total and permanent disability benefits. 1. Amounts to fund the cost of total and permanent disability benefits shall be established at the time such benefits are granted under actuarial tables adopted by the Board upon recommendation of the Actuary of the Fund. All total and permanent disability benefits payable shall be charged to this reserved amount. 2. Temporary disability benefit payments shall be charged to the disability reserve when made. 3. Amounts credited to the disability reserve shall be derived from municipality contributions made pursuant to Section 7-172, paragraph (b), subparagraph 3. 4. The total and permanent disability reserve shall be revalued annually as of December 31. Any adjustment required therein by such revaluation shall be charged or credited to the earnings and experience variation reserve. (Source: P.A. 77-2121.)
Frequently Asked Questions About Illinois § 7-205.1
What does Illinois Compiled Statutes § 7-205.1 cover?
Section 7-205.1 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 § 7-205.1?
A common citation format is "Illinois Compiled Statutes § 7-205.1" (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 § 7-205.1 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.