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The Policemen's Annuity and Benefit Fund of Chicago was created in 1922 through an act of the Illinois legislature with the purpose of providing retirement, survivor and disability benefits to City of Chicago police officers. The Fund is administered by a Board of Trustees consisting of eight members. Four of these members have been appointed by the mayor and four members have been elected by their peers within the Chicago Police Department. The Board selects an Executive Director who is responsible for ensuring the Board's decisions are carried out and properly executed. The Executive Director is also charged with carrying out the day to day operations of the Fund aided by his staff and investing all Fund monies according to the provisions laid out in the statute.
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