Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 1650 - THE ADMINISTRATION AND OPERATION OF THE TEACHERS' RETIREMENT SYSTEM
Subpart F - ANNUITANTS AND BENEFICIARIES
Section 1650.571 - Payment of Monthly Survivor Benefits to a Trust
Universal Citation: 80 IL Admin Code ยง 1650.571
Current through Register Vol. 48, No. 38, September 20, 2024
a) A member may designate a trust to receive monthly survivor benefits on behalf of a dependent beneficiary.
b) However, to do so, the trust must provide that the survivor benefit annuity will be used solely for the care and benefit of the member's dependent beneficiary.
c) Prior to the processing of a claim for survivor benefits, the trustee of the trust shall furnish the System that part of the trust demonstrating that the conditions set forth in subsection (b) of this Section are met.
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