(40 ILCS 5/16-142) (from Ch. 108 1/2, par. 16-142)
Sec. 16-142.
Survivors' benefits - death out of service.
The following
benefit shall be payable to the survivors of an annuitant or to the survivors
of a member whose death occurs after termination of service for any cause
if on the date of termination of service, the member had at least 20 years
of creditable service and if the annuitant or member had made contributions
for the purposes of this Section for at least one year of creditable service
after July 24, 1959:
(1) Where the member's death occurs on or after July 1, 1990, a beneficiary
designated by the member shall be entitled to receive, in a single sum, an
amount equal to the member's highest annual rate of salary within the last 4
years of service, reduced by 1/6 of that annual salary for each year or
fraction thereof that has elapsed between the date of retirement or
termination of service and the date of death, but subject to a
minimum payment equal to 1/6 of that annual salary, the actual
contributions made by the member for survivor benefits, not including
interest thereon, or $3,000, whichever is the greatest. If no beneficiary
is designated by the member or if no designated beneficiary survives the
member, the lump sum benefit under this paragraph shall be paid to the
eligible dependent beneficiary or to the trust established for such
eligible dependent beneficiary, as determined under Section 16-140 (3), or,
if there is no dependent beneficiary, to the decedent's estate upon receipt
of proper proof of death.
(2) In lieu of the benefit under paragraph (1) of this Section, a dependent
beneficiary may receive the benefits provided under subsection (b) of Section
16-141. This paragraph (2) is inapplicable where a non-dependent beneficiary
designated by a member survives the member.
(3) Notwithstanding the creditable service limitations contained
elsewhere in this Section and under paragraph (3) of Section 16-143, a
surviving dependent beneficiary of an annuitant whose death occurs after
December 31, 1981, may receive only the benefits provided in subsection (b)
of Section 16-141, subject to a maximum benefit of $200 per month.
(Source: P.A. 87-1265.)
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