Search results
Results from the WOW.Com Content Network
SURS employs approximately 132 individuals in its Champaign, Illinois and Naperville, Illinois offices and provides retirement, survivor, disability, and death benefits. SURS serves over 228,000 active and inactive members and benefit recipients throughout the world. [ 3 ]
IMRF is a defined benefit retirement plan that provides retirement, survivor, disability, and death benefits to municipal government employees in Illinois. It is governed by Article 7 of the Illinois Pension Code. Eligible employees are automatically enrolled in IMRF when employment begins.
Changes from the “Tier I” pension law include raising the minimum eligibility to draw a retirement benefit to age 67 with 10 years of service, initiating a cap on the salaries used to calculate retirement benefits, and limiting cost-of-living annuity adjustments to the lesser of 3 percent or half of the annual increase in the Consumer Price ...
Survivor benefits are a type of Social Security that's provided to families following the death of a wage earner. These payments are designed to offer financial continuity and support to the ...
Survivor benefits: Your wife can claim these starting at age 60, or age 50 if disabled. They can equal up to the amount you were receiving at the time of your death, or your standard benefit if ...
The surviving child can receive benefits after age 18 if they are still in elementary or high school. However, payments will end two months after the child turns 19, regardless of their education ...
The Uniform Simultaneous Death Act is a uniform act enacted in some U.S. states to alleviate the problem of simultaneous death in determining inheritance.. The Act specifies that, if two or more people die within 120 hours of one another, and no will or other document provides for this situation explicitly, each is considered to have predeceased the others.
According to Carroll, the WEP reduces benefits based on an individual’s own work record, while the GPO reduces spousal or survivor benefits that an individual has otherwise been entitled to receive.