(a) Notwithstanding any other provision of this Article, beginning January 1, 1988, the minimum widow’s annuity payable to any person who is entitled to receive a widow’s annuity under this Article shall be $325 per month.
     (b) This Section shall apply to all persons receiving a widow’s annuity under this Article, without regard to whether the death or retirement of the fireman occurred prior to the effective date of this amendatory Act (P.A. 86-272).

Terms Used In Illinois Compiled Statutes 40 ILCS 5/6-128.3

  • 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
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