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IL SB1894
Bill
Status
2/6/2025
Primary Sponsor
Robert Martwick
Click for details
AI Summary
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Amends the State Universities Article of the Illinois Pension Code regarding survivors insurance benefits
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Changes the deadline for waiving survivorship benefits from 6 months after the death of a participant or annuitant to 6 months after the System notifies the beneficiary of benefits payable
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Allows survivors insurance beneficiaries, personal representatives of deceased beneficiaries' estates, or representatives of beneficiaries under legal disability to waive survivorship benefits
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Waiver must be submitted in writing to the Board of Trustees before any payment is made pursuant to an application
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Takes effect immediately upon becoming law
Legislative Description
PEN CD-SURS-SURVIVORS BENEFITS
Last Action
Rule 3-9(a) / Re-referred to Assignments
3/21/2025