Welcome to the Policemen's Annuity and Benefit Fund of Chicago

EMERGENCY NOTIFICATION REGARDING: November 20, 2020 Board and Investment Committee Meeting

Pursuant to the Illinois Government Emergency Administration Act, Public Act 101-0640, the purpose of which is to provide government with the tools it needs to continue to serve the People of the State of Illinois and to better respond to the statewide public health emergency caused by the outbreak of COVID-19:
•The Board and Investment Committee meeting of the Retirement Board of the Policemen’s Annuity and Benefit Fund of Chicago, scheduled for Friday November 20, 2020 at 9AM, will be conducted by audio conference.
• A quorum of the Board of Trustees of the Fund will participate via audio conference.
•The Agenda for the meeting will be limited to Fund matters that require immediate approval. The Fund will maintain a verbatim recording of the meeting.

 Members of the public are encouraged to participate in the meeting via audio conference. To participate, please dial into:
  • (312) 626-6799
  • Meeting ID:
    953 4529 8939

  • [Download Letter Here]

    HEALTHCARE RESOURCES

    Document Download

    2019 BENEFIT PAY DATES

    Policemens

    The Fund’s staff is aware that retirees like to keep track of the dates their annuity will be electronically deposited each year.

    It is recommended that all retirees take advantage of having direct deposit. It is the safest and most secure method of receiving a monthly annuity on a known date.

    Annuity distributions are on the last business day of each month which is the earned annuity for that month.

    For retired members who have checks mailed directly, please be advised, mail date is four business days prior to payable date. The Fund has no control over the U.S. Postage Service and will not guarantee prompt delivery of any check(s). Reissuance of a “lost” or “destroyed” check cannot occur until the 5th business day of the following month. Which, when re-issued, is mailed again through USPS. We highly recommend direct deposit to avoid any delays in receiving your monthly benefit.

    Pension Advisor

    Executive Director Icon Summer 2019 Issue No. 63
    On-Line News Letter Available For Download
    [Download Link]

    MILITARY CREDIT

    Policemens Sworn Police members are eligible to purchase up to 2 years pension credit for prior Active Military service. An Application must be accompanied with a copy of your DD214. If the qualifications are met, this provision allows a member to purchase in monthly increments up to 2 years and must be applied for and paid prior to retirement.

    REMEMBER

    Attention All members, Active, Retired and Surviving Spouses;

    As life events occur, relocations, marriages, births, deaths, divorce, etc. you should keep the Pension Fund updated of any and all changes. This is to assure you received news, updates and/or tax forms in a timely fashion.

    Phone System Upgrade

    The Fund is upgrading our current phone system and there has been some issues with the call forwarding process.

    Until the call forwarding is resolved, please call us directly at:
    (312) 267-4003

    Inquiries can also be sent to the following email addresses based on subject matter:

  • Benefit Calculations:
    benefits@chipabf.org
  • Benefit Payments & Changes:
    payments@chipabf.org
  • Retirement Information:
    retirement@chipabf.org
  • COVID-19 Procedures to Protect Members and Employees


    Due to the COVID-19 virus pandemic, the PABF’s office is closed to members and the public beginning March 19th. The Fund will be operating remotely Monday through Friday from 8:30am to 4:30pm. However, you may experience delayed response times.


    We currently expect that all benefit payments will be processed as normal. You may reach our staff via phone, email and fax. We will return all calls and emails as soon as possible.


    Please rest assured we are pursuing every avenue to provide the service that our members expect during this national health emergency. Stay healthy and thank you for your patience and understanding.


    The phone number to the Fund office is:
    (312) 744-3891
    The fax number to the Fund is:
    (312) 726-3216

    Inquiries can also be sent to the following email addresses based on subject matter:

  • Benefit Calculations:
    benefits@chipabf.org
  • Benefit Payments & Changes:
    payments@chipabf.org
  • Retirement Information:
    retirement@chipabf.org
  • We appreciate your understanding and patience during this unfortunate and evolving worldwide health emergency and we hope that you and your family remain healthy.

    Policemens

    Fund News

    SMID Value RFP

    Request for Proposal Issued August 5th
    [More Information]

    Office Will Be Closed

    Veterans Day

    Wednesday, November 11th

    Thanksgiving

    Thursday & Friday,
    November 26-27th
    2020 Meeting and Holiday Schedule
    2021 Meeting and Holiday Schedule

    Upcoming Meeting Dates

    Investment
    Committee Meeting

    Combined with Retirement Board Meeting on
    Friday, November 20th at 9:00am

    Retirement Board Meeting

    Via Teleconference
    Friday, November 20th at 9:00am
    Monthly Agenda:
    [HERE ]
    please re-fresh your browser to obtain the latest version
    [ Monthy Meetings Page ]

    Hearing Schedule

      -

    As a reminder, the meetings of the Retirement Board trustees are always open to the public. We appreciate the interest and welcome all attendees.

    Investment Meeting Web Estimate News Letter

    Annuity Direct Deposits for 2020 are as follows:
    • January 31; annuity for January
    • February 28; annuity for February
    • March 31; annuity for March
    • April 30; annuity for April
    • May 29; annuity for May
    • June 30; annuity for June
    • July 31; annuity for July
    • August 31; annuity for August
    • September 30; annuity for September
    • October 30; annuity for October
    • November 30; annuity for November
    • December 31; annuity for December

    Pre-Retirement Seminars

    Events image The seminar is one-day held at Chicago Police
    Department Head Quarters.

    The seminars are offered through the Chicago Police Department, members need to register by calling Personnel @ 745-5182 or registering through the Intranet at Employee Resources Services Division.

    Contacting the Office

    The office is open Monday through Friday 8:30am to 4:30pm.
    Phone (312) 744-3891... [More]
    The office is located at 221 North Lasalle Street, Suite 1626.. [More]

    Google Maps Directions to Our Office [More]

    Pre-Retirement Seminars

  • Tuesday, February 11th
  • Tuesday, March 10th
  • Wednesday, October 28th
  • Wednesday, November 18th
  • A HISTORY OF THE FUND

    Former Chicago Police The history of the Policemen's Annuity and Benefit Fund of Chicago began on April 29, 1887, when the Illinois General Assembly authorized the creation of the Fund, for "Cities, Towns, and Villages having a population of 500,000 or more.
    Read More...