5.30 A. Types and Amounts of IMRF Death Benefits

10. Death of a Person Receiving a Special Needs (Reversionary) Annuity or Named as a Special Needs Beneficiary

Upon the death of a person receiving a Special Needs (reversionary) annuity (see 5.20 B. 15 b. Special Needs (Reversionary) Annuity), IMRF will pay to the first named beneficiary of the deceased member any remainder of the IMRF 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., with interest to the date of the member’s retirement, which has not been paid by IMRF as the member’s annuity and/or a reversionary annuity.

If the person named as the Special Needs Beneficiary predeceases the member, the pension that would have been paid to that individual is no longer payable. The member’s pension is not adjusted.

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