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Illinois Statutes Chapter 40. Pensions § 5/12-125.1. Optional reversionary annuity

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 12-125.1. Optional reversionary annuity.

“Optional reversionary annuity”: A deferred annuity derived from part of the actuarial value of an employee's retirement annuity, computed according to the applicable actuarial tables and payable during the lifetime of the beneficiary 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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Cite this article: FindLaw.com - Illinois Statutes Chapter 40. Pensions § 5/12-125.1. Optional reversionary annuity - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-40-pensions/il-st-sect-40-5-12-125-1/

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