TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE D: RETIREMENT SYSTEMS CHAPTER II: STATE UNIVERSITIES RETIREMENT SYSTEM PART 1600 UNIVERSITIES RETIREMENT SECTION 1600.655 EXPIRATION OF A QILDRO
Section 1600.655 Expiration of a QILDRO
a) A QILDRO expires upon the death of the alternate payee. The right to receive the affected benefit will then revert to the member.
b) A QILDRO expires upon the death of the member, except to the extent that the order pertains to a death benefit.
c) A QILDRO expires when the member takes a refund that terminates his or her participation in SURS. This is true even if the member's refund is paid to an alternate payee. A QILDRO that expires because the member took a refund is not renewed by his or her subsequent return to SURS membership.
d) If a retired member returns to work, the QILDRO payments may be suspended. If so, the payments will resume when the member retires again.
e) A QILDRO expires by its terms or upon receipt of a certified copy of a court order terminating the QILDRO.
f) A QILDRO expires after the specified number of payments have been made to the alternate payee under Section 1-119(n)III(D)(2) of the Pension Code, unless the alternate payee is to receive all or a portion of the death benefit.
g) The QILDRO expires upon payment of a death benefit or portion of the benefit to the alternate payee under Section 1-119(n)VII of the Pension Code.
(Source: Amended at 33 Ill. Reg. 10757, effective July 1, 2009) |