(40 ILCS 5/7-158) (from Ch. 108 1/2, par. 7-158)
Sec. 7-158.
Surviving spouse annuities - Options.
In lieu of the surviving
spouse annuity an eligible surviving spouse
shall have the option of receiving other benefits as follows:
1. The surviving spouse of a participating employee may elect to
receive either a single sum death benefit or a surviving spouse annuity
and the $3,000 death benefit provided in Sections 7-163 and 7-164.
2. The surviving spouse of an employee, who has separated from
service and would have been entitled to a retirement annuity on date of
death, may elect to receive either a single sum death benefit or a
surviving spouse annuity and the $3,000 death benefit provided in
Sections 7-163 and 7-164.
3. If any surviving spouse annuity is payable prior to the earliest age at
which the recipient will become eligible for a widows' or widowers' insurance
benefit under the Federal Social Security Act, the recipient may elect
that the annuity payments from this fund shall exceed those payable after
attaining such age by an amount not in excess of the estimated Social
Security Benefit, determined as of the effective date of the surviving
spouse annuity, provided that in no case shall the total annuity
payments made by this fund exceed in actuarial value the annuity which
would have been paid had no such election been made.
4. The surviving spouse of a participating employee, whose annuity
was suspended upon return to employment and who had one year or more of
service after his return, may apply the additional service credits to a
supplemental surviving spouse annuity and receive the $3,000 death
benefit or apply the additional service credits to a single sum death
benefit and forego the $3,000 death benefit payable upon the death of an
annuitant.
5. The surviving spouse of a participating employee, whose annuity
was suspended upon return to employment and who had less than one year
of service after his return, shall have the additional service credits
applied towards a supplemental surviving spouse annuity and shall
receive the $3,000 death benefit.
(Source: P.A. 85-941.)
|