(40 ILCS 5/16-142.2)
(from Ch. 108 1/2, par. 16-142.2)
Survivors' benefits - maximum amounts.
(a) When the death
of a member or annuitant occurs after August 21, 1981, the following maximum
limitations shall apply in the determination of the survivor's benefits
payable under Section 16-141 and Section 16-142:
(1) The maximum combined survivor's benefits for a surviving spouse and
eligible children or for more than one eligible child where no benefits
are payable to a surviving spouse shall be the lesser of: (A) $600 per
month, or (B) 80% of average salary.
(2) The maximum survivor's benefit for a surviving spouse of a deceased
annuitant or of a deceased member who terminated service for a cause other
than retirement with at least 20 years of creditable service shall be the
lesser of: (A) 80% of the retirement annuity earned by the member and payable
upon the later of attainment of age 60 or the date of retirement, or (B)
$400 per month. The maximum survivor's benefit for a surviving spouse of
a member who dies in service shall be $400 per month.
(3) The maximum survivor's benefit payable for one eligible child shall
be $400 per month.
(4) The maximum combined survivor's benefit for a parent or parents shall
be the lesser of (A) $400 per month, or (B) 50% of average salary.
(b) If the minimum survivor's benefit provided under Section 16-142.1
exceeds the maximum survivor's benefit specified under this Section, such
minimum survivor's benefit shall be payable.
(Source: P.A. 83-1440.)