Illinois Compiled Statutes 40 ILCS 5/6-160 – Refund – Widow’s annuity contributions
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/6-160
- 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.
When a fireman attains age 63 in service and is not then married, or when an unmarried fireman withdraws before age 63 and enters upon annuity, his contributions for widow’s annuity shall then be refunded to him, upon request. A refund under this Section may be repaid as provided in Section 6-142(B).