(40 ILCS 5/16-143.2)
(from Ch. 108 1/2, par. 16-143.2)
Refund of contributions for survivor benefits at retirement.
(a) If at the time of applying for a retirement annuity under Section
16-132, or while in receipt of such a retirement annuity, a member
does not have a dependent beneficiary as defined in paragraph (3) of
Section 16-140, such member may be granted, upon written request, a refund
of actual contributions for survivor benefits, without interest. Members
will be eligible for a refund of contributions for survivor benefits as
provided in the previous sentence notwithstanding the fact that they began
receiving retirement benefits prior to this amendatory Act of 1985.
Acceptance of the refund will forfeit all rights to survivor benefits under
Sections 16-140 through 16-143.
(b) An annuitant who reestablishes membership following acceptance of
refund of contributions for survivor benefits under subsection (a) of this
Section may reinstate eligibility for benefits provided under Sections 16-140
through 16-143 only through: (1) repayment of such refund together with
regular interest thereon from the date of the refund to the date of repayment,
and (2) completion of one year of creditable service following acceptance
of such refund. If membership is reestablished and the above conditions
(1) and (2) are not met, an additional refund, representing contributions
made following the previous refund will be provided upon the member's death
or retirement, whichever is applicable.
(Source: P.A. 87-794.)