Full Text of SB1985 95th General Assembly
SB1985sam001 95TH GENERAL ASSEMBLY
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Sen. Kwame Raoul
Filed: 3/11/2008
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09500SB1985sam001 |
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LRB095 14944 AMC 48024 a |
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| AMENDMENT TO SENATE BILL 1985
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| AMENDMENT NO. ______. Amend Senate Bill 1985 by replacing | 3 |
| everything after the enacting clause with the following:
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| "Section 5. The Illinois Pension Code is amended by | 5 |
| changing Section 14-119 as follows:
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| (40 ILCS 5/14-119) (from Ch. 108 1/2, par. 14-119)
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| Sec. 14-119. Amount of widow's annuity.
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| (a) The The widow's annuity shall be 50% of the amount of | 9 |
| retirement annuity
payable to the member on the date of death | 10 |
| while on retirement if an
annuitant, or on the date of his | 11 |
| death while in service if an employee,
regardless of his age on | 12 |
| such date, or on the date of withdrawal if death
occurred after | 13 |
| termination of service under the conditions prescribed in
the | 14 |
| preceding Section.
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| (b) If an eligible widow, regardless of age, has in her | 16 |
| care any
unmarried child or children of the member under age 18 |
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LRB095 14944 AMC 48024 a |
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| (under age 22 if a
full-time student), the widow's
annuity | 2 |
| shall be increased in the amount of 5% of the retirement | 3 |
| annuity
for each such child, but the combined payments for a | 4 |
| widow and
children shall not exceed 66 2/3% of the member's | 5 |
| earned
retirement annuity.
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| The amount of retirement annuity from which the widow's
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| annuity is derived shall be that earned by the member without | 8 |
| regard to
whether he attained age 60 prior to his withdrawal | 9 |
| under the conditions
stated or prior to his death.
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| (c) Marriage of a child shall render the child ineligible | 11 |
| for further
consideration in the increase in the amount of the | 12 |
| widow's annuity.
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| Attainment of age 18 (age 22 if a full-time student)
shall | 14 |
| render a child ineligible for
further consideration in the | 15 |
| increase of the widow's annuity, but the
annuity to the widow | 16 |
| shall be continued thereafter, without regard to
her age at | 17 |
| that time.
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| (d) A widow's annuity payable on account of any covered | 19 |
| employee who
shall have been a covered employee for at least 18 | 20 |
| months shall be reduced
by 1/2 of the amount of survivors | 21 |
| benefits to which his beneficiaries are
eligible under the | 22 |
| provisions of the Federal Social Security Act, except
that (1) | 23 |
| the amount of any widow's annuity payable under this Article | 24 |
| shall
not be reduced by reason of any increase under that Act | 25 |
| which occurs after
the offset required by this subsection is | 26 |
| first applied to that annuity,
and (2) for benefits granted on |
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| or after January 1, 1992, the offset under
this subsection (d) | 2 |
| shall not exceed 50% of the amount of widow's annuity
otherwise | 3 |
| payable.
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| (e) Upon the death of a recipient of a widow's annuity the | 5 |
| excess, if
any, of the member's accumulated contributions plus | 6 |
| credited interest over
all annuity payments to the member and | 7 |
| widow, exclusive of the $500 lump
sum payment, shall be paid to | 8 |
| the named beneficiary of the widow, or if
none has been named, | 9 |
| to the estate of the widow, provided no reversionary
annuity is | 10 |
| payable.
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| (f) On January 1, 1981, any recipient of a widow's annuity | 12 |
| who was receiving
a widow's annuity on or before January 1, | 13 |
| 1971, shall have her widow's annuity
then being paid increased | 14 |
| by 1% for each full year which has elapsed from
the date the | 15 |
| widow's annuity began. On January 1, 1982, any recipient
of a | 16 |
| widow's annuity who began receiving a widow's annuity after | 17 |
| January
1, 1971, but before January 1, 1981, shall have her | 18 |
| widow's annuity then
being paid increased by 1% for each full | 19 |
| year which has elapsed from the
date the widow's annuity began. | 20 |
| On January 1, 1987, any recipient of a
widow's annuity who | 21 |
| began receiving the widow's annuity on or before January
1, | 22 |
| 1977, shall have the monthly widow's annuity increased by $1
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| for each full year which has elapsed since the date the
annuity | 24 |
| began.
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| (g) Beginning January 1, 1990, every widow's annuity shall | 26 |
| be
increased (1) on each January 1 occurring on or after the |
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| commencement
of the annuity if the deceased member died while | 2 |
| receiving a retirement
annuity, or (2) in other cases, on each | 3 |
| January 1 occurring on or after
the first anniversary of the | 4 |
| commencement of the annuity, by an amount
equal to 3% of the | 5 |
| current amount of the annuity, including any previous
increases | 6 |
| under this Article. Such increases shall apply without regard | 7 |
| to
whether the deceased member was in service on or after the | 8 |
| effective date
of Public Act 86-1488, but shall not accrue for | 9 |
| any period prior to January
1, 1990.
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| (Source: P.A. 95-279, eff. 1-1-08.)".
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