Illinois General Assembly - Illinois Compiled Statutes

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40 ILCS 5/15-120

(40 ILCS 5/15-120) (from Ch. 108 1/2, par. 15-120)

Sec. 15-120.

Beneficiary; survivor annuitant under portable benefit
package.

"Beneficiary": The person or persons designated
by the participant or annuitant in the last written designation on file
with the board; or if no person so designated survives, or if no designation
is on file, the estate of the participant or annuitant. Acceptance by the
participant of a refund of accumulated contributions or an accelerated pension benefit payment under Section 15-185.5
shall result in cancellation of all beneficiary designations previously
filed. A spouse whose marriage was dissolved shall be disqualified
as beneficiary unless the spouse was designated as beneficiary after the
effective date of the dissolution of marriage.

After a joint and survivor annuity commences under the portable benefit
package, the survivor annuitant of a joint and survivor annuity is not
disqualified, and may not be removed, as the survivor annuitant by a
dissolution of the survivor's marriage with the participant or annuitant.

(Source: P.A. 101-610, eff. 1-1-20.)