Credit For Other Service (CFOS)

 

Credit for Other Service (40 ILCS 5/5-214)

An active participant in the PABF who has served with the CPD for at least 3 years, may be eligible to purchase service credit for various purposes for under state law for service prior to becoming a member or subsequent thereto for time periods specified in the statute.

Prior Law Enforcement Service (40 ILCS 5/5-214.2)

An active participant in the PABF may be eligible to purchase service credit for prior service with Illinois municipal law enforcement agencies, as a law enforcement officer with any agency of the US government, and other certain law enforcement agencies as the statute permits.

An active participant who was hired prior to the bill’s effective date, August 11, 2009, had until August 11, 2010 to make a formal application in order to satisfy the one year deadline.

An active participant who became a member of the Fund after the effective date, August 11, 2009, may apply for credit within 2 years after his or her hire date and must provide the statutorily required contributions to the Fund within 5 years after the date of application.

Military

Prior to Employment with CPD (40 ILCS 5/5-214.3)

Active participants who served in the Armed Forces of the United States prior to employment with the CPD may be eligible to purchase up to 2 years of service credits, in 1 month increments, for pension purposes.

While on Leave of Absence from CPD (40 ILCS 5/5 -212)

Active participants who served in the Armed Forces of the United States while on leave of absence from the CPD may be eligible to purchase service time for annuity purposes prior to retirement. To receive credit, the participants must pay into the Fund the same amount that would have been deducted from their salary had they been active officers. There is no interest charged to purchase these credits.

Credit for Service in the Chicago Fire Department (40 ILCS 5/5-213)

The PABF is a reciprocal fund with the Firemen’s Annuity and Benefit Fund of Chicago (FABF). Active participants may transfer contributions earned in the FABF to the PABF for the purpose of annuity service credit. The participant must apply to the PABF and provide payment of all statutorily required contributions.