Death benefits shall be payable as hereinafter set forth:
     1. To the beneficiary defined in Section 7-118;

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Terms Used In Illinois Compiled Statutes 40 ILCS 5/7-163

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC

     2. A death benefit shall be paid to the beneficiary as soon as practicable after receipt by the board of:
     a. A certified copy of the death certificate of the employee or annuitant;
     b. A written application of the beneficiary for such benefit.