(40 ILCS 5/8-170) (from Ch. 108 1/2, par. 8-170)
Sec. 8-170.
Refunds - When paid to beneficiary, children or estate.
Whenever the accumulations including interest credited thereon to the
account of a deceased employee from employee contributions for annuity
purposes, and from employee contributions applied to any municipal
pension fund superseded by this fund, have not been paid to him, and in
the case of a married male employee to the employee and his widow, both
together, in form of annuity or refund before the death of the last of
such persons, a refund shall be paid as follows:
An amount equal to the excess of such amounts over the amounts paid
on any annuity or annuities or refund, without interest upon either of
such amounts, shall be refunded to a beneficiary theretofore designated
by the employee in writing, signed by him before an officer authorized
to administer oaths, and filed with the board before the employee's
death.
If there is no designated beneficiary or the beneficiary does not
survive the employee, the amount shall be refunded to the employee's
children, in equal parts, with the children of a deceased child taking
the share of their parent. If there is no designated beneficiary or
children, the refund shall be paid to the administrator or executor of
the employee's estate. If an administrator or executor of the estate has
not been appointed within 90 days from the date the refund became
payable, the refund may be applied, in the discretion of the board,
toward the payment of the employee's burial expenses. Any remaining
balance shall be paid to the heirs of the employee according to the law
of descent and distribution of this State, but assuming for the purpose
of such payment of refund and determination of heirs that the deceased
male employee left no widow surviving him where a widow eligible for
widow's annuity survived him and subsequently died; provided, that if
any children of the employee are less than age 18, such part or all of
any such amount necessary to pay annuities to them shall not be refunded
as hereinbefore stated but shall be transferred to the child's annuity
reserve and used therein for the payment of such annuities; and provided
further, that if a reversionary annuity becomes payable, such refund
shall not be paid until the death of the reversionary annuitant, and the
refund otherwise payable under this Section shall then be further
reduced by the amount of the reversionary annuity paid.
(Source: P.A. 81-1536.)
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