Illinois Compiled Statutes 40 ILCS 5/9-139 – Widow’s annuity-Present employees and future entrants attaining age 65 in service
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The widow of a present employee who attains age 65 while in service after the effective date, or of a future entrant who attains age 65 while in service, is entitled, after the date of his death, to an annuity fixed for the wife of such present employee or future entrant on the date he attains age 65.
The widow is entitled to annuity as follows:
If the employee’s withdrawal occurs after age 65 and he enters upon annuity or if the employee’s death occurs in the service after he has attained age 65 the annuity shall be that provided on a reversionary annuity basis from the total sum accumulated to his credit for widow’s annuity and (if he was a present employee) widow’s prior service annuity as of the date he became age 65.
The widow is entitled to annuity as follows:
Terms Used In Illinois Compiled Statutes 40 ILCS 5/9-139
- 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.
If the employee’s withdrawal occurs after age 65 and he enters upon annuity or if the employee’s death occurs in the service after he has attained age 65 the annuity shall be that provided on a reversionary annuity basis from the total sum accumulated to his credit for widow’s annuity and (if he was a present employee) widow’s prior service annuity as of the date he became age 65.