TRUSTEES’ CORNER

Sgt. Brian E. Wright #1575, Trustee • Vice President

Policemens

CHEVRONS – JULY 2017

Don’t Believe Everything You Read!!

There was recently an article published regarding our pension on the Chicago City Wire [Follow Link Here]. The article stated that the pension fund would be broke by 2021. I was emailed and approached by several members and annuitants that had read the article. The article failed to mention over $560 million that comes into the pension fund in 2017, and more in the years thereafter, through contributions from the active membership’s salaries and the City’s contribution. Irresponsible reporting is an understatement. This was outright reckless reporting!! So to avoid panic and confusion in the future, I want to give our membership “cliff notes” to how our pension is funded.

[Full Article]

P.O. Thomas Beyna, Elected Trustee

Policemens

To my fellow police officers,
I would like to thank each and every one of you for the support I received during the election. I am very excited and honored to represent us as a pension board trustee. It wouldn’t have been possible without your support so thank you very much for entrusting me!

During this election, I dedicated a lot of time and worked tirelessly to reach out to as many officers and units as possible. Although I made it out to every district, I know there are many officers out there I was unable to meet. For those I did not meet, let me provide you a brief introduction. I began my law enforcement career as a police officer in the City of Evanston for 2 years. Since then I have been a police officer in Chicago for the past 17 years working in the 10th District on the 1061 tact team for the majority of my time and the past several years at the Training Academy and Research and Development.

[Full Article]

Kenneth A. Hauser, Elected Trustee • President

Policemens

PENSION FUND:
THE FACTS

There have been a number of inaccurate articles written about the funding/solvency of the pension fund in the past couple of months. I have received numerous inquires in regards to this matter.

I thought that it was appropriate to try to set the facts straight; therefore I have asked the Fund’s Chief Investment Officer (CIO), to compile an article listing the facts.

[Full Article]

Lieutenant James P. Maloney, Elected Trustee • Recording Secretary

Policemens

I retire after 351/2 years on the job. I had a great and fun career. It has been a rewarding experience serving as a Trustee, as Chairman of the Investment Committee and as Acting Chief Investment Officer (CIO) for a period of time.

I want to thank the staff of the Pension Board. They work very hard and are compassionate all the time.

I also want to thank all the Trustees of the Board whom I have served with over the years

I am certain going forward the Board and the Pension staff will continue to serve diligently and with special regard for the interests of Annuitants and survivors.
Thank you all and be safe.

[Full Article]

Pension Advisor is a publication of the Policemen’s Annuity and Benefit Fund. You will be receiving a copy to update you on the matters that affect your pension and the concerns of active police officers, retirees and widows that make up our membership. If you have a question about your pension or the Fund, or, if there is a particular issue you would like to see addressed, please feel free to send a note to:

POLICEMEN’S ANNUITY AND BENEFIT FUND
PENSION ADVISOR
221 North LaSalle Street – Suite 1626
Chicago, IL 60601