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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 18-115. Beneficiary. “Beneficiary”: A surviving spouse or children eligible for an annuity; or, if no eligible surviving spouse or children survives, the person or persons designated by the participant or annuitant in the last written designation on file with the Board; or, if no person so designated survives, or if no designation is on file, the estate of the participant or annuitant. If a special needs trust as described in Section 1396p(d)(4) of Title 42 of the United States Code, as amended from time to time, has been established for a disabled child, then the special needs trust may stand in lieu of the disabled adult child as a beneficiary for the purposes of this Article.
Cite this article: FindLaw.com - Illinois Statutes Chapter 40. Pensions § 5/18-115. Beneficiary - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-40-pensions/il-st-sect-40-5-18-115/
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