(40 ILCS 5/8-153) (from Ch. 108 1/2, par. 8-153)
Sec. 8-153.
Widow's remarriage.
A widow's annuity shall terminate when she remarries
if the marriage takes
place before the date 60 days after the effective date of this amendatory Act
of the 91st General Assembly. If a widow remarries 60 or
more days after the effective date of this amendatory Act of the 91st General
Assembly, the widow's annuity shall continue without interruption.
When a widow dies, if she has not
received, in the form of an annuity, an amount equal to the total
credited from
employee's contributions and applied for the widow's annuity, the
difference between such annuity credits and the amount received by her
shall be refunded to her, provided, that if a reversionary annuity is
payable to her, or to any other person designated by the employee, such
amount shall not be refunded but the reversionary annuity
shall be payable.
If there is any child of the employee who is under 18 years of age,
the part of any such amount that is required to pay an annuity to the child
shall be transferred to the child's annuity reserve. In making refunds under
this Section, no interest shall be paid upon either the total of annuity
payments made or the amounts subject to refund. Any refund shall be paid
according to the provisions of Section 8-170.
(Source: P.A. 91-887, eff. 7-6-00.)
|