State of Illinois
90th General Assembly
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[ Engrossed ][ Senate Amendment 001 ]

90_HB3516

      40 ILCS 5/11-167          from Ch. 108 1/2, par. 11-167
          Amends the Illinois Pension Code.  Corrects an error in a
      Section relating to Article 11 refunds.
                                                     LRB9011157EGfg
                                               LRB9011157EGfg
 1        AN ACT to amend the Illinois  Pension  Code  by  changing
 2    Section 11-167.
 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:
 5        Section 5.  The  Illinois  Pension  Code  is  amended  by
 6    changing Section 11-167 as follows:
 7        (40 ILCS 5/11-167) (from Ch. 108 1/2, par. 11-167)
 8        Sec.  11-167.  Refunds in lieu of annuity.  In lieu of an
 9    annuity, an employee who withdraws, and whose  annuity  would
10    amount  to  less  than  $300  a  month  for life may elect to
11    receive a refund of the total sum accumulated to  his  credit
12    from employee contributions for annuity purposes.
13        The  widow of any employee, eligible for annuity upon the
14    death of her husband, whose annuity would amount to less than
15    $300 a month for life, may, in lieu  of  a  widow's  annuity,
16    elect  to  receive  a refund of the accumulated contributions
17    for annuity purposes, based on the amounts contributed by her
18    deceased  employee  husband,  but  reduced  by  any   amounts
19    theretofore  paid  to him in the form of an annuity or refund
20    out of such accumulated contributions.
21        Accumulated  contributions   shall   mean   the   amounts
22    including   interest  credited  thereon  contributed  by  the
23    employee for age and service and widow's annuity to the  date
24    of  his  withdrawal  or  death,  whichever  first occurs, and
25    including the accumulations from any amounts contributed  for
26    him  as  salary  deductions  while  receiving duty disability
27    benefits; provided that such amounts contributed by the  city
28    after  December 31, 1983 while the employee is receiving duty
29    disability benefits shall not be included.
30        The acceptance of such  refund  in  of  lieu  of  widow's
31    annuity, on the part of a widow, shall not deprive a child or
                            -2-                LRB9011157EGfg
 1    children  of  the  right  to  receive  a  child's  annuity as
 2    provided  for in Sections 11-153 and 11-154 of this  Article,
 3    and  neither  shall  the  payment of a child's annuity in the
 4    case of such refund to a widow reduce the amount  herein  set
 5    forth  as  refundable to such widow electing a refund in lieu
 6    of widow's annuity.
 7    (Source: P.A. 86-1488; revised 12-18-97.)

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