Illinois Compiled Statutes 40 ILCS 5/6-143.2 – Widows – double annuity
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/6-143.2
- 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.
If any widow (1) receives a widow’s annuity from the Fund, and (2) after December 31, 1989 marries a fireman who is a participant in this Fund, and (3) the fireman dies and a second widow’s annuity thereby becomes payable, then the first widow’s annuity shall be cancelled at the time the widow accepts any payment of the second widow’s annuity. Any refund due because of the cancelled annuity shall be paid to the widow.