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92_SB0183
LRB9203132EGfg
1 AN ACT in relation to public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by
5 changing Section 15-148 as follows:
6 (40 ILCS 5/15-148) (from Ch. 108 1/2, par. 15-148)
7 Sec. 15-148. Survivors insurance benefits - General
8 provisions. The survivors annuity is payable monthly. Any
9 annuity due but unpaid upon the death of the annuitant, shall
10 be paid to the annuitant's estate.
11 A person who becomes entitled to more than one survivors
12 insurance benefit because of the death of 2 or more persons
13 shall receive only the largest of the benefits; except that
14 this limitation does not apply to a survivors insurance
15 beneficiary who is entitled to a survivor's annuity by reason
16 of a mental or physical disability.
17 A survivors insurance beneficiary or the personal
18 representative of the estate of a deceased survivors
19 insurance beneficiary or the personal representative of a
20 survivors insurance beneficiary who is under a legal
21 disability may waive the right to receive survivorship
22 benefits, provided written notice of the waiver is given by
23 the beneficiary or representative to the board within 6
24 months after the death of the participant or annuitant and
25 before any payment is made pursuant to an application filed
26 by such person.
27 (Source: P.A. 83-1440.)
28 Section 99. Effective date. This Act takes effect upon
29 becoming law.