Illinois Compiled Statutes 40 ILCS 5/7-160 – Child annuities-eligibility
Current as of: 2024 | Check for updates
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Child annuities shall be payable to each child of an employee annuitant who dies with no surviving spouse and whose spouse would have been eligible to receive a surviving spouse annuity, and each child of a deceased employee whose surviving spouse dies and whose spouse, immediately prior to death, was receiving or would have been eligible to receive, a surviving spouse annuity, or who left no surviving spouse, is eligible to receive a child annuity, provided:
a. The child is less than age 18 and unmarried;
b. The child is the natural born or legally adopted
a. The child is less than age 18 and unmarried;
Terms Used In Illinois Compiled Statutes 40 ILCS 5/7-160
- 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.
- Surviving spouse: means "widow" or "widower" as the case may be. See Illinois Compiled Statutes 5 ILCS 70/1.32
b. The child is the natural born or legally adopted
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child of the employee and was born prior to the date of the employee’s latest resignation or discharge from the service of the participating municipality;
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c. (Blank).
