Illinois Compiled Statutes 40 ILCS 5/13-216 – “Surviving spouse’s annuity”: The amount payable as a surviving …
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“Surviving spouse’s annuity”: The amount payable as a surviving spouse annuity commencing on the date of the employee’s or retiree’s death. The annuity shall be payable in equal monthly installments for life, except as otherwise provided in this Article, in the month after the effective date of the annuity. A pro rata amount of the annuity shall be paid for part of a month when the annuity begins after the first day of the month or ends before the last day of the month.
Notwithstanding the above, all surviving spouse annuity payments first payable on or after January 1, 2008, shall begin the first of the month following the employee’s or annuitant’s date of death.
Effective January 1, 2008, benefits are payable for the full month if the annuitant was alive on the first day of the month.
Notwithstanding the above, all surviving spouse annuity payments first payable on or after January 1, 2008, shall begin the first of the month following the employee’s or annuitant’s date of death.
Terms Used In Illinois Compiled Statutes 40 ILCS 5/13-216
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
- Surviving spouse: means "widow" or "widower" as the case may be. See Illinois Compiled Statutes 5 ILCS 70/1.32
Effective January 1, 2008, benefits are payable for the full month if the annuitant was alive on the first day of the month.