40 ILCS 5/5-136
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-136)Sec. 5-136. Widow's annuity - all employees attaining age 57 in  service.  The annuity for the wife of an employee who attains age 57  in service, and who thereafter withdraws from or dies in service, shall  be fixed, in the case of a future entrant, as of her age at the date of  his withdrawal or death, whichever first occurs, and, in the case of a  present employee, as of her age when the employee withdraws from or  dies in service.The widow is entitled to annuity from and after the employee's  death, as follows:If the employee withdraws from service and enters upon annuity,  the annuity shall be that amount provided from his credit for widow's  annuity, and widow's prior service annuity (if a present employee), at  the time he withdraws from or dies in service after attainment of age  57, but shall not be less than 40% of the amount of annuity earned by  the employee at the time of his withdrawal from the service after his  attainment of age 57 or not less than 40% of the amount of annuity  accrued to the credit of the employee on date of his death in service  after his attainment of age 57 computed according to Section 5-132,  subject to the limitations of Section 5-148, but shall not be less  than $100 per month.  If the widow is more than 5 years younger than  her husband, the 40% annuity for the widow shall be reduced to the  actuarial equivalent of her attained age, on the basis of the Combined  Annuity Table 3% interest.The widow of a policeman who retires from service after December  31, 1975 or who dies while in service after December 31, 1975 and on  or after the date on which he becomes eligible to retire under Section  5-132 shall, if she is otherwise eligible for a widow's annuity under  this Article and if the amount determined under this paragraph is more  than the total combined amounts of her widow's annuity and widow's  prior service annuity, or the annuities provided hereinbefore in this  Section receive, in lieu of such other widow's annuity and widow's  prior service annuity, or annuities provided hereinbefore in this  Section a widow's annuity equal to 40% of the amount of annuity which her  deceased policeman husband received as of the date of his retirement on  annuity or if he dies in the service prior to retirement on annuity a  widow's annuity equal to 40% of the amount of annuity her deceased  policeman husband would have been entitled to receive if he had retired  on the day before the date of his death in the service, except that if  the age of the wife at date of retirement or the age of the widow at  date of death in the service is more than 5 years younger than her  policeman husband, the amount of such annuity shall be reduced by 1/2  of 1% for each such month and fraction thereof that she is more than  5 years younger at date of retirement or at date of death subject to  a maximum reduction of 50%.  However, no annuity under this Section  shall exceed $500.00 per month.This Section does not apply to the widow of any former policeman  who was receiving an annuity from the fund on December 31, 1975 and  who reenters service as a policeman, unless he renders at least 3  years of additional service after re-entry.  (Source: P.A. 97-813, eff. 7-13-12.)