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

IMPORTANT NOTICE – PLEASE READ CAREFULLY

May 15, 2013,
The City of Chicago has sent the following letter to annuitants regarding their retiree health care plan. Please read this letter if you participate in this plan. Please also note that the information in this letter does NOT pertain to dental or vision benefits. The staff of the Fund has no further information at this time, but updates to the website will be provided as further information is made known to the Fund's staff.
[City's Annuitant Health Care Letter]

NEW BOARD MEMBERS

Chicago Police Pension Office The Retirement Board of the Policemen’s Annuity and Benefit Fund of Chicago congratulates and welcomes Police Officer Michael Lappe to the Retirement Board. Trustee Elect Lappe represents the rank of Patrolman and he began to serve as Trustee for a three year term effective December 1, 2012. . .

Effective January 2013, the mayor appointed Juan C. Avila as a Board member, replacing outgoing Michael Conway. Thank you Mr. Conway for your numerous contributions to the Fund, we will miss you. Juan Avila comes to the Fund with 22 years of financial service industry experience. Prior to joining Toroso, he spent 3 years as a Senior Vice President with Mesirow Financial where he co-led an investment advisory practice. . .

Read The Full Artical

RETIREMENT BOARD OFFICERS

 At its regular February meeting the Trustees voted the officer positions on the Retirement Board. Kenneth A. Hauser was re-elected as Board President; Stephanie Neely was elected as Board Vice President; Lieutenant James P. Maloney was re-elected Recording Secretary. The trustees serve in their officer positions on the Retirement Board until the December meeting of the Board.

Pension Advisor

Executive Director Icon The Spring 2013
News Letter is Now Available For Download
[Download Link]

Dental/Vision Coverage

Executive Director Icon Effective January 1, 2013, the Fraternal Order of Police Lodge #7 contracted with a new provider for retiree group dental/vision coverage. The new provider is Delta Dental of Illinois. The Fund does not contract with any agencies to provide insurance coverage for retirees, this service is performed by the Fraternal Order of Police or the City of Chicago (in the case of group medical coverage). However, upon approval by the Board of Trustees at the January 31, 2013, meeting, the Fund is now forwarding all pension deductions for dental and vision benefits to Delta Dental. The Fund does not administer this benefit. The administrator of all dental and vision benefits is now Delta Dental and any changes desired to coverage levels must be made through Delta Dental. Their phone number is 1-800-323-1743. Any changes made with Delta Dental are then communicated to the Fund in a monthly data file, so that the appropriate deductions are made from each retiree's pension payments. Should there be any questions on dental or vision coverages, premiums, explanation of benefits, etc., please contact Delta Dental, the administrator of the plan.

MILITARY CREDIT

Sworn Police members are eligible to purchase up to 2 years pension credit for prior Active Military service. The application is on our website which 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.

Site Links

Investment Meeting Web Estimate News Letter

Events

The Office will Be Closed

Memorial Day
  • Monday, May 27th

    • Upcoming Meeting Dates

    Monthly Investment Meeting
    Tuesday, May 28th, 9:00am

    Audit and Actuarial Committee Meeting
    Tuesday, May 28th, 12:30pm

    Board of Directors Meeting
    Tuesday, May 30th, 9:00am
    [Meetings Page]

    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

    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 @ 745-5342 or registering through the Intranet at Employee Resources Services Division. [Seminar Dates] For Qualifications for a CPD officer to attend [LINK]

    Active Members

    When making plans for retirement we suggest attending a Pre-Retirement Seminar. The seminar is one-day which offers information on a variety of topics to assist in your future planning. Enrollment is conducted by contacting CPD Employee Resource Services Division at 312- 745-5342. There are certain qualifications required before enrolling.

    Pre-Retirement Seminars

  • Wednesday, March 20th
  • Friday, May 24th
  • Tuesday, July 23rd
  • Wednesday, October 23rd

    • 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 50,000 or more.
    Read More...