Illinois Compiled Statutes 40 ILCS 5 Illinois Pension Code. Section 12-125.1

    (40 ILCS 5/12-125.1) (from Ch. 108 1/2, par. 12-125.1)

    Sec. 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.

(Source: P.A. 87-1265.)

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Last modified: February 18, 2015