A child’s annuity is payable monthly after the death of an employee parent to the child until the child’s attainment of age 18, under the following conditions, if the child was born before the employee attained age 65, and before he withdrew from service:
        (a) upon death in service from any cause;

Terms Used In Illinois Compiled Statutes 40 ILCS 5/8-158

  • 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.

        (b) upon death of an employee who withdraws from
    
service after age 55 (or after age 50 with at least 30 years of service if withdrawal is on or after June 27, 1997) and who has entered upon or is eligible for annuity.
Payment shall be made as provided in Section 8-125.
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