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Illinois Compiled Statutes

40 ILCS 5/6-116 (2026)

Annuity

✓ current as of May 2026
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(40 ILCS 5/6-116) (from Ch. 108 1/2, par. 6-116)
    Sec. 6-116. Annuity.
    "Annuity": Annual payments for life, unless otherwise terminated under this Article, payable in 12 equal monthly installments beginning on the first day of the second month next following the date of the event upon which payment of annuity shall depend, shall occur and subsequent payments to be due and payable on the first day of each and every month thereafter, except that a smaller pro rata amount shall be paid for part of a month when the annuity begins after the first day of the month or ends before the last day of the month.
(Source: Laws 1963, p. 161.)

    
Notes of Decisions
Cited in 3 cases, 2009–2017 · leading case: Cunningham v. Ret. Bd. Firemen's Ann., 907 N.E.2d 463 (Ill. App. Ct. 2009).
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Cunningham v. Ret. Bd. Firemen's Ann., 907 N.E.2d 463 (Ill. App. Ct. 2009). · cites it 7× “40 ILCS 5/6-116 (West 2000). Section 6-140 of the Pension Code provides that a widow's duty death annuity is computed at the time of the fireman's death.”
Of v. Howe, 96 N.E.3d 516 (Ill. App. Ct. 2017). “" 40 ILCS 5/6-116 (West 2016). Pursuant to article 6, the compulsory retirement age is the "age set by law or ordinance beyond which the fireman is prohibited from working as a fireman.”
Bell v. Ret. Bd. of the Firemen's Annuity & Benefit (Ill. App. Ct. 2010). · cites it 2× “40 ILCS 5/6-116 (West 2000). 15 1-09-0497 Section 6-140 of the Pension Code provides that a widow's duty death annuity is computed at the time of the fireman's death.”
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