Category: Uncategorized

A special meeting of the Retirement Board of the Policemen’s Annuity & Benefit Fund of Chicago has been scheduled for Thursday, January 15, 2026, starting at 9am.

The agenda for the special meeting can be viewed via this link.

A Special Election for the Retirement Board Trustee representing Annuitant Members of the Policemen’s Annuity and Benefit Fund of Chicago (Fund) is scheduled to be held from Thursday, January 29, 2026, through Monday, February 9, 2026, 11:59 PM CST.  A timeline for the Special Election can be found at the following link:  PABF 2026 Annuitant Trustee Special Election Timeline.

Nominating petitions had been available on the Fund’s website and in person at at the Fund’s Office from December 31, 2025 through the deadline for submission, which was 4:30pm Friday, January 9, 2026.

In preparation for this Special Election, the Fund began emailing a notice to the eligible annuitant voters who have a valid email address on record with the Fund on Saturday, January 10, 2026 and will continue to do so during the week ending Friday, January 16, 2026 .

This procedure will ensure that the emails used by the Independent Election Administrator to send voting credentials and instructions when voting begins on Thursday, January 29, 2026 are valid.

The voting credentials and instructions on how to access the secure election website and phone number will also be mailed via USPS to eligible annuitant voters approximately 1 week before voting commences.

Please monitor the Fund’s website for additional information regarding the Special Election as it becomes available.

Detailed rules concerning the 2026 Annuitant Trustee Special Election are available at www.chipabf/about.org or at the PABF Office and here: 2026 Annuitant Trustee Special Election Rules.

It is with heavy hearts that we share news that PABF Trustee Thomas J. Lonergan III passed away on December 20, 2025.

We are thankful for his tireless efforts as the trustee representing retired members and surviving spouses.

We are also grateful for his the many years of dedicated service with the Chicago Police Department.

Our thoughts and prayers are with Trustee Lonergan’s friends and family.

May he rest in peace.

The Fund is in the process of sending Continuing Eligibility Affidavits to all Retired Members and Surviving Spouse Members.

The Fund sends these out every few years to ensure that recipients of annuity benefits are valid.

The ORIGINAL form must be completed in its entirety, must be notarized and returned to the Fund’s office (221 N. LaSalle Street, Suite 1626, Chicago, IL 60601) by June 30, 2024.

Failure to return the completed ORIGINAL form by June 30, 2024 will result in suspension of your benefits.

Beginning in April, members who currently receive a monthly benefit from the Fund will have the opportunity to enroll in the “Benefit Payment Participant Web Passport” portal through the Fund’s custodian, Northern Trust.

After completing a secure enrollment process, which involves providing key data elements to create a unique user ID and password, enrollees will have secure access to their payment history, can obtain copies of their 1099R’s, change their tax withholding or direct deposit information as well as update their address and contact information, all online.

For more information, please see the Northern Trust Benefit Participant Web Passport Pamphlet which can be found here.

To enroll, visit northerntrust/bppweb and follow the prompt to register (you will see the link to register on the bottom right-hand of the screen).

For assistance specifically related to enrollment or password resets please contact the Northern Trust Benefit Payment Participant Service Center at 888-259-6835.

The Retirement Board (“Board”) of the Policeman’s Annuity and Benefit Fund of Chicago (“Fund”) prepared the attached report in response to a document authored by a person named Christopher Tobe and released in August 2021.

The author misstated and omitted facts, overlooked governing law and relevant accounting standards, and ignored his professional training.

As discussed in the detail in the attached report, a fact-based analysis of the Fund and its operations shows the:

• Fund operates in a transparent manner consistent with applicable laws.
• Board does not award “no bid contracts” to investment managers.
• Board, Fund Staff, and the Fund’s Investment Consultant understand and monitor investment fees.
• Board, Fund Staff, the Fund’s Investment Consultant, and Auditor do not hide investment fees.
• Fund does not hide or use “ghost” investment managers.
• Fund’s investments have not underperformed when compared against benchmarks that accurately reflects the Fund’s holdings.
• Fund’s investment performance has not been manipulated.

It is important to remember that the Fund’s mission to provide retirement, disability and survivor benefits to sworn members of the Chicago Police Department, their spouses and children.  Consistent with its mission, the motivation behind any Board decision is to ensure a secure financial future for members and their families while complying with all applicable laws and regulations. Be assured that as fiduciaries, the Board acts solely in the interest of the Fund’s beneficiaries.

The Board also believes in transparency. Accordingly, the Fund’s website (chipabf.org) provides members with detailed information regarding the Fund’s financial stability, investment performance, investment policy, monthly cash flow, procurement activity, financial statements, and annual financial audits. Further, the Fund’s financial reporting complies with Generally Accepted Accounting Principles (GAAP), which is the standard accepted by the U.S. Securities and Exchange Commission. The purpose of GAAP is to ensure that financial reporting is transparent and consistent. Finally, the Fund welcomes input and participation at its regular monthly and investment committee meetings, which are open to the public.

Sincerely,

The Retirement Board of the Policeman’s Annuity and Benefit Fund of Chicago

In order to provide an additional layer of protection for your accounts, Fund staff will be asking you to provide a copy of your state identification when you initiate changes to your personal information.  Thank you for your patience and know that we are taking this additional step for your protection.