State of Illinois
91st General Assembly
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91_SB0297

 
                                               LRB9101890EGfg

 1        AN  ACT  to  amend  the Illinois Pension Code by changing
 2    Section 15-146.

 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:


 5        Section  5.   The  Illinois  Pension  Code  is amended by
 6    changing Section 15-146 as follows:

 7        (40 ILCS 5/15-146) (from Ch. 108 1/2, par. 15-146)
 8        Sec. 15-146.   Survivors  insurance  benefits  -  Minimum
 9    amounts.
10        (a)  The  minimum  total  survivors  annuity  payable  on
11    account  of  the  death of a participant shall be 60% (50% if
12    the  death  occurred  before  the  effective  date  of   this
13    amendatory   Act   of  the  91st  General  Assembly)  of  the
14    retirement annuity which would have been provided under  Rule
15    1, Rule 2, or Rule 3 of Section 15-136 upon the participant's
16    attainment  of the minimum age at which the penalty for early
17    retirement would  not  be  applicable  or  the  date  of  the
18    participant's  death,  whichever  is  later,  on the basis of
19    credits earned prior to the time of death.
20        (b)  The  minimum  total  survivors  annuity  payable  on
21    account of the death of an annuitant shall be 60% (50% if the
22    death occurred before the effective date of  this  amendatory
23    Act  of  the  91st General Assembly) of either the retirement
24    annuity which is payable under Section 15-136 at the time  of
25    death  or  50%  of  the disability retirement annuity payable
26    under Section 15-153.2, whichever is applicable.
27        (b-5)  This minimum survivors annuity shall apply to each
28    participant and annuitant who dies after September 16,  1979,
29    whether  or  not his or her employee status terminates before
30    or after that date.
 
                            -2-                LRB9101890EGfg
 1        The changes to this Section made by this  amendatory  Act
 2    of  the 91st General Assembly apply without regard to whether
 3    the deceased participant or annuitant was in  service  on  or
 4    after the effective date of this amendatory Act.
 5        (c)  If  an annuitant has elected a reversionary annuity,
 6    the retirement annuity referred to in this  Section  is  that
 7    which  would  have  been  payable  had such election not been
 8    filed.
 9    (Source: P.A. 90-448, eff. 8-16-97; 90-766, eff. 8-14-98.)

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

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