(40 ILCS 5/7-165)
(from Ch. 108 1/2, par. 7-165)
(a) The beneficiary entitled to a death benefit under paragraph 1, 2 or 3
of Section 7-164 may elect to receive the benefit in the form of an annuity
for life, if the death benefit will provide an immediate annuity of at
least $10 per month.
(b) When a death benefit is payable in the form of an annuity, the
annuity shall begin on the first day of the month following the month of
death of the employee or annuitant;
(c) The amount of beneficiary annuity shall be that which can be
provided from the death benefit under actuarial tables adopted by the
(d) If a deceased participating employee has additional credits, the
beneficiary may elect to receive an annuity for life in an amount which can
be provided therefrom under actuarial tables adopted by the Board, provided
the annuity would be at least $10 per month.
(Source: P.A. 85-941.)