Welcome to the Policemen's Annuity and Benefit Fund of Chicago
EMERGENCY NOTIFICATION REGARDING: September 24th Investment Committee Meeting & Board 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 Thursday, September 24, 2020 at 9AM, will be conducted by audio conference.
• A quorum of the Board of Trustees of the Fund will participate via audio conference.
•Members of the public are encouraged to participate in the meeting via audio conference. To participate, please dial into:
[ Download Letter Here ]
HEALTHCARE RESOURCES
2019 BENEFIT PAY DATES
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
Summer 2019 Issue No. 63
On-Line News Letter Available For Download
[Download Link]
MILITARY CREDIT
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.
Election Results
Trustee representing the rank of Lieutenant or rank superior to Lieutenant member of the Policemen’s Annuity and Benefit Fund of Chicago. The election was conducted by U.S. Mail during the period August 3, 2020 through 9:00am on August 31, 2020. BANSLEY and KIENER, L.L.P. conducted the election based on the rules and regulations communicated to the fund by the election committee.
Click Here for Official LetterTrustee representing the rank of Sergeant member of the Policemen’s Annuity and Benefit Fund of Chicago. The election was conducted by U.S. Mail during the period August 3, 2020 through 9:00am on August 31, 2020. BANSLEY and KIENER, L.L.P. conducted the election based on the rules and regulations communicated to the fund by the election committee.
Click Here for Official LetterCoronavirus
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:
benefits@chipabf.org
payments@chipabf.org
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.
Fund News
SMID Value RFP
Request for Proposal Issued August 5th
[More Information]
Office Will Be Closed
Labor Day
Monday, September 7th
2020 Meeting and Holiday Schedule
Upcoming Meeting Dates
Investment
Committee Meeting
Emergency Notice Regarding Sept. 21st Investment Meeting:
The Investment Meeting scheduled for Sept. 21st, 2020 has been cancelled and combined with the Sept. 24th, 2020 Retirement Board Meeting.
Retirement Board Meeting
Thursday, September 24ththMonthly Agenda:
[HERE ]
please re-fresh your browser to obtain the latest version
[ Monthy Meetings Page ]
Hearing Schedule
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As a reminder, the meetings of the Retirement Board trustees are always open to the public. We appreciate the interest and welcome all attendees.
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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
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.
Pre-Retirement Seminars
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...
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The office is located at 221 North Lasalle Street, Suite 1626..
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Directions to Our Office
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Pre-Retirement Seminars
A HISTORY OF THE FUND
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.
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