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91_SB0297
LRB9101890EGfg
1 AN ACT to amend the Illinois Pension Code by changing
2 Section 15-146.
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 15-146 as follows:
7 (40 ILCS 5/15-146) (from Ch. 108 1/2, par. 15-146)
8 Sec. 15-146. Survivors insurance benefits - Minimum
9 amounts.
10 (a) The minimum total survivors annuity payable on
11 account of the death of a participant shall be 60% (50% if
12 the death occurred before the effective date of this
13 amendatory Act of the 91st General Assembly) of the
14 retirement annuity which would have been provided under Rule
15 1, Rule 2, or Rule 3 of Section 15-136 upon the participant's
16 attainment of the minimum age at which the penalty for early
17 retirement would not be applicable or the date of the
18 participant's death, whichever is later, on the basis of
19 credits earned prior to the time of death.
20 (b) The minimum total survivors annuity payable on
21 account of the death of an annuitant shall be 60% (50% if the
22 death occurred before the effective date of this amendatory
23 Act of the 91st General Assembly) of either the retirement
24 annuity which is payable under Section 15-136 at the time of
25 death or 50% of the disability retirement annuity payable
26 under Section 15-153.2, whichever is applicable.
27 (b-5) This minimum survivors annuity shall apply to each
28 participant and annuitant who dies after September 16, 1979,
29 whether or not his or her employee status terminates before
30 or after that date.
-2- LRB9101890EGfg
1 The changes to this Section made by this amendatory Act
2 of the 91st General Assembly apply without regard to whether
3 the deceased participant or annuitant was in service on or
4 after the effective date of this amendatory Act.
5 (c) If an annuitant has elected a reversionary annuity,
6 the retirement annuity referred to in this Section is that
7 which would have been payable had such election not been
8 filed.
9 (Source: P.A. 90-448, eff. 8-16-97; 90-766, eff. 8-14-98.)
10 Section 99. Effective date. This Act takes effect upon
11 becoming law.