TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE D: RETIREMENT SYSTEMS CHAPTER II: STATE UNIVERSITIES RETIREMENT SYSTEM PART 1600 UNIVERSITIES RETIREMENT SECTION 1600.600 DEFINITIONS
Section 1600.600 Definitions
a) The definitions in Section 1-119(a) of the Pension Code shall apply to the rules contained in this Subpart.
b) The phrase "alternate payee" in Section 1-119(a)(1) of the Pension Code means a current spouse, former spouse, child or other dependent of a SURS member, as designated in a QILDRO.
c) The phrase "death benefit" in Section 1-119(a)(2) of the Pension Code means a benefit paid pursuant to Section 15-141 or 15-142 of the Pension Code, or any lump-sum payment under Section 15-145(e) of the Pension Code.
d) The phrase "member's refund" in Section 1-119(a)(5) of the Pension Code does not include an "error refund" as defined in subsection (e) of this Section.
e) The phrase "error refund", as used in this Subpart, means a refund paid to a member as the result of an error in a payment to the System, a refund paid to a member when the required employee or employer contributions necessary to purchase or reinstate service credit have not been fully paid, or a refund of contributions made under Section 1600.240(e).
f) The phrase "disability benefit" in Section 1-119(a)(3) of the Pension Code includes:
1) A disability benefit under Section 15-150 of the Pension Code; or
2) A disability retirement annuity under Section 15-153.2 of the Pension Code.
g) The phrase "member's retirement benefit", as used in this Subpart, means the total amount of the retirement benefit as defined in Section 1-119(a)(8) of the Pension Code that would be payable to the member in the absence of a QILDRO.
h) The phrase "partial member's refund", as used in this Subpart, includes:
1) A refund of survivor benefit contributions;
2) A refund of excess contributions or interest; or
3) A refund of waived service credit.
i) The phrase "permissive service", as used in this Subpart, means service credit purchased by payment of voluntary contributions by the member under Sections 15-113.1(c), 15-113.2, 15-113.3, 15-113.5, 15-113.6, 15-113.7, 15-113.8 and 15-113.9 of the Pension Code and service credited under Section 15-113.4 of the Pension Code. Permissive service restored upon the repayment of a refund under Section 15-154(b) of the Pension Code is restored as permissive service.
j) The phrase "regular service", as used in this Subpart, means service credited under Sections 15-113.1(b) and 15-113.3 of the Pension Code without the payment of voluntary contributions. Regular service restored upon the repayment of a refund under Section 15-154(b) of the Pension Code is restored as regular service.
k) The phrase "effective date of retirement", as used in Section 1-119 of the Pension Code and this Subpart, means the beginning of the "annuity payment period" as defined in Section 1600.100.
(Source: Amended at 33 Ill. Reg. 10757, effective July 1, 2009) |