Illinois General Assembly - Illinois Compiled Statutes

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40 ILCS 5/16-143.1

(40 ILCS 5/16-143.1) (from Ch. 108 1/2, par. 16-143.1)

Sec. 16-143.1.

Increase in survivor benefits.

(a) Beginning January
1, 1990, each survivor's benefit and each reversionary annuity payable
under Section 16-136 shall be increased by 3% of the currently
payable amount thereof
(1) on each January 1 occurring on or after the commencement of the annuity if
the deceased teacher died while receiving a retirement or disability
retirement annuity, or (2) in other cases,
on each January 1 occurring on or after the first
anniversary of the granting of the benefit, without regard to whether the
deceased teacher was in service on or after the effective date of this
amendatory Act of 1991, but such increases shall not accrue for any
period prior to January 1, 1990.

(b) On January 1, 1981, any
beneficiary who was receiving a survivor's monthly benefit on or before
January 1, 1971, shall have the benefit then being paid increased by 1% for
each full year elapsed from the date the survivor's benefit began.  On
January 1, 1982, any beneficiary who began receiving a survivor's monthly
benefit after January 1, 1971, but before January 1, 1981 shall have the
benefit then being paid increased by 1% for each year elapsed from the date
the survivor's benefit began.

On January 1, 1987, any beneficiary whose monthly survivor's benefit
began on or before January 1, 1977, shall have the monthly survivor's
benefit increased by $1 for each full year which has elapsed since the date
the survivor's benefit began.

(Source: P.A. 86-273; 86-1488.)