Illinois Statutes
§ 12-125 — Reversionary annuity
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000
"Reversionary annuity": A deferred annuity computed according to the applicable actuarial table, based on employee and employer contributions for surviving spouse's service annuity and surviving spouse's prior service annuity, and payable to the beneficiary during lifetime, or other stated period, only if the beneficiary survives the employee receiving a retirement annuity and qualifies as the surviving spouse under Section 12-123.1.
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Illinois § 12-125 (Reversionary annuity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 87-1265.)
Nearby Sections
15
§ 12-101
Creation of fund§ 12-102
Terms defined§ 12-103
The 1919 Act§ 12-105
Retirement board or board§ 12-106
Actuarial tables§ 12-107
Reserve§ 12-108
Highest salary§ 12-109
Service§ 12-111
Withdrawal or withdraws§ 12-112
Future entrant§ 12-114
Regular interest§ 12-115
Present value§ 12-116
Fiscal year§ 12-117
Contributions