5.30 A. Types and Amounts of IMRF Death Benefits

8. Death of a Person Receiving a Beneficiary Annuity

Upon the death of a person receiving a beneficiary annuity, the excess (if any) of the member contributions Members who participate in the Regular Plan contribute 4.50% of salary toward a future IMRF pension: 3.75% for the member and 0.75% for a surviving spouse pension. Members who participate in the SLEP plan contribute 7.50% of salary (on and after June 1, 2006) toward a future SLEP pension: 6.75% for the member and 0.75% for a surviving spouse pension. Before June 1, 2006, SLEP members contributed 6.50 percent of salary; 5.75 percent for the member and 0.75 percent for a surviving spouse pension. Members in the ECO plan contribute 7.50 of salary toward a future ECO pension: 6.75% for the member and 0.75% for a surviving spouse pension., plus interest to date of death, less the monthly payments made, is paid to the person or persons designated by the deceased beneficiary or, if there is no person designated, to the estate of the beneficiary receiving the annuity.

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