Board Resolution 2020-03-03

Meeting room

Topic: Surviving Spouse Benefit
Subtopic: Surviving spouse refund repayment window
Date: 3/20/2020
Status: Active

WHEREAS, Public Act 101-0610, effective January 1, 2020, created Section 7-159(d) of the Pension Code which provides rules relating to refunds of survivor credits; and

WHEREAS, Public Act 101-0610 permits eligible surviving spouses to repay the previously refunded surviving spouse credits in order to establish eligibility for a surviving spouse annuity during a one-year window beginning May 1, 2020; and

WHEREAS, it is necessary to adopt rules for the efficient administration of Section 7-159(d).

THEREFORE BE IT RESOLVED that the following administrative rules be and are hereby adopted by the Board of Trustees: