Sec. 16-142.2. Survivors' benefits - maximum amounts.

242 words·~1 min read·/il/chapter-40/act-5/16-142-2

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(a)When the death of a member or annuitant occurs after August 21, 1981, the following maximum limitations shall apply in the determination of the survivor's benefits payable under Section 16-141 and Section 16-142:

(1)The maximum combined survivor's benefits for a surviving spouse and eligible children or for more than one eligible child where no benefits are payable to a surviving spouse shall be the lesser of:

(A)$600 per month, or

(B)80% of average salary.

(2)The maximum survivor's benefit for a surviving spouse of a deceased annuitant or of a deceased member who terminated service for a cause other than retirement with at least 20 years of creditable service shall be the lesser of:

(A)80% of the retirement annuity earned by the member and payable upon the later of attainment of age 60 or the date of retirement, or

(B)$400 per month. The maximum survivor's benefit for a surviving spouse of a member who dies in service shall be $400 per month.

(3)The maximum survivor's benefit payable for one eligible child shall be $400 per month.

(4)The maximum combined survivor's benefit for a parent or parents shall be the lesser of

(A)$400 per month, or

(B)50% of average salary.

(b)If the minimum survivor's benefit provided under Section 16-142.1 exceeds the maximum survivor's benefit specified under this Section, such minimum survivor's benefit shall be payable.