Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 1600 - UNIVERSITIES RETIREMENT
Subpart F - QUALIFIED ILLINOIS DOMESTIC RELATIONS ORDERS
Section 1600.650 - Automatic Annual Increases

Universal Citation: 80 IL Admin Code ยง 1600.650

Current through Register Vol. 48, No. 38, September 20, 2024

a) The alternate payee will or will not receive a proportionate share of any automatic annual increase in the member's retirement benefit under Section 15-136 of the Pension Code, according to the designation in the QILDRO.

b) Except as provided in subsection (c) of this Section, the initial increase in the amount due the alternate payee under the QILDRO is payable with the next succeeding increase in the member's retirement benefit after the date the QILDRO first took effect.

c) If the QILDRO first takes effect in the same month the member's retirement benefit is increased, the alternate payee's initial increase is not payable until the next increase in the member's retirement benefit.

d) SURS will calculate the amount of any increase payable to the alternate payee under the QILDRO.

e) The amount of any increase payable to the alternate payee is the percentage of increase applied to the member's retirement benefit under Section 15-136 of the Pension Code, multiplied by the alternate payee's monthly benefit as of the date of the increase.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.