Illinois Compiled Statutes 40 ILCS 5/6-139 – Widow’s annuity – Limitations after fixation
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/6-139
- 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.
Except as may be otherwise provided in this Article, (a) no salary deductions or contributions by the city for widow’s annuity shall be made after such annuity has been fixed; (b) no widow’s annuity in excess of that fixed in accordance with this Article shall be granted; and (c) no service rendered after the time of fixing shall be considered for widow’s annuity.