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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB1894 Introduced 2/6/2025, by Sen. Robert F. Martwick SYNOPSIS AS INTRODUCED:
| | 40 ILCS 5/15-148 | from Ch. 108 1/2, par. 15-148 |
| Amends the State Universities Article of the Illinois Pension Code. Provides that a survivors insurance beneficiary or the personal representative of the estate of a deceased survivors insurance beneficiary or the personal representative of a survivors insurance beneficiary who is under a legal disability may waive the right to receive survivorship benefits, provided written notice of the waiver is given by the beneficiary or representative to the Board of Trustees within 6 months after the System notified that person of the benefits payable upon the death (instead of 6 months after the death) of the participant or annuitant and before any payment is made pursuant to an application filed by such person. Effective immediately. |
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| | A BILL FOR |
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| | SB1894 | | LRB104 06093 RPS 16126 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by |
| 5 | | changing Section 15-148 as follows:
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| 6 | | (40 ILCS 5/15-148) (from Ch. 108 1/2, par. 15-148) |
| 7 | | Sec. 15-148. Survivors insurance benefits; general |
| 8 | | benefits - General provisions. The survivors annuity is |
| 9 | | payable monthly. Any annuity due but unpaid upon the death of |
| 10 | | the annuitant, shall be paid to the annuitant's estate. |
| 11 | | A person who becomes entitled to more than one survivors |
| 12 | | insurance benefit because of the death of 2 or more persons |
| 13 | | shall receive only the largest of the benefits; except that |
| 14 | | this limitation does not apply to a survivors insurance |
| 15 | | beneficiary who is entitled to a survivor's annuity by reason |
| 16 | | of a mental or physical disability. |
| 17 | | A survivors insurance beneficiary or the personal |
| 18 | | representative of the estate of a deceased survivors insurance |
| 19 | | beneficiary or the personal representative of a survivors |
| 20 | | insurance beneficiary who is under a legal disability may |
| 21 | | waive the right to receive survivorship benefits, provided |
| 22 | | written notice of the waiver is given by the beneficiary or |
| 23 | | representative to the board within 6 months after the System |