State of Illinois
92nd General Assembly
Legislation

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92_HB2372

 
                                               LRB9205286EGfg

 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 15-146 as follows:

 6        (40 ILCS 5/15-146) (from Ch. 108 1/2, par. 15-146)
 7        Sec. 15-146.   Survivors  insurance  benefits  -  Minimum
 8    amounts.
 9        (a)  The  minimum  total  survivors  annuity  payable  on
10    account  of  the  death of a participant shall be 60% (50% if
11    the  death  occurred  before  the  effective  date  of   this
12    amendatory   Act   of  the  92nd  General  Assembly)  of  the
13    retirement annuity which would have been provided under  Rule
14    1,  Rule  2,  Rule  3,  or  Rule 5 of Section 15-136 upon the
15    participant's attainment of the  minimum  age  at  which  the
16    penalty  for  early retirement would not be applicable or the
17    date of the participant's death, whichever is later,  on  the
18    basis of credits earned prior to the time of death.
19        (b)  The  minimum  total  survivors  annuity  payable  on
20    account of the death of an annuitant shall be 60% (50% if the
21    death  occurred  before the effective date of this amendatory
22    Act of the 92nd General Assembly) of  either  the  retirement
23    annuity  which is payable under Section 15-136 at the time of
24    death or 50% of the  disability  retirement  annuity  payable
25    under Section 15-153.2, whichever is applicable.
26        (b-5)  This minimum survivors annuity shall apply to each
27    participant  and annuitant who dies after September 16, 1979,
28    whether or not his or her employee status  terminates  before
29    or after that date.
30        The  changes  to this Section made by this amendatory Act
31    of the 92nd General Assembly apply without regard to  whether
 
                            -2-                LRB9205286EGfg
 1    the  deceased  participant  or annuitant was in service on or
 2    after the effective date of this amendatory Act.
 3        (c)  If an annuitant has elected a reversionary  annuity,
 4    the  retirement  annuity  referred to in this Section is that
 5    which would have been payable  had  such  election  not  been
 6    filed.
 7    (Source:  P.A.  90-448,  eff.  8-16-97; 90-766, eff. 8-14-98;
 8    91-887, eff. 7-6-00.)

 9        Section 99. Effective date.  This Act takes  effect  upon
10    becoming law.

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