Firemen's Annuity and Benefit Fund of Chicago
 


A RETIREMENT FUND  DEDICATED TO THOSE WHO ARE THERE FOR OTHERS

  


Welcome to the Firemen's Annuity and Benefit Fund of Chicago's website. We hope you find this site informative, enjoyable and easy to use.    This website was designed with our member's needs in mind. Please feel free to offer any comments, questions or suggestions so that we can improve your website.

         

 

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On November 29, 2016, SB440 was enacted into law as PA 099-0905 (the “Act”).  A summary of some of the major changes resulting from the passage of the Act are below:

  • A large portion of the language in the Act clarified the benefits available for tier 2 members and their survivors.
  • The Act entitles members born between January 1, 1955 and December 31, 1965 a 3% COLA effective on the later of 1) January 1, 2017, 2) the month following attainment of age 55, or 3) the 1st of the month following the anniversary of the retirement date.    
  • Members who have already retired and have not already received an initial increase before January 1, 2017 will get their initial increase in an amount equal to 3% for each complete year following the date of retirement or attainment of age 55, whichever is later.
  • Effective January 1, 2017, the minimum annuity payable to widows was increased to 125% of the Federal Poverty level.

The Fund is currently working on calculating all of the benefit increases members are entitled to as a result of the enactment of PA 099-0905.  We are hoping to have the January checks reflect the new benefit amounts, but if we are unable to complete the calculations in time, the new amounts will be reflected in your February check with a retroactive payment to January.

UPDATE ON RETIREE HEALTH CARE
The Fund is providing a copy of an Illinois Supreme Court decision in a case entitled "KANERVA v. WEEMS. This case and the Court's decision has an impact on the City of Chicago's ultimate responsibility concerning retiree health care. The Fund will provide further updates on this matter as they develop.
         Click here for Kanerva v. Weems

 

The Retirement Board of the Firemen's Annuity and Benefit Fund of Chicago is actively pursuing the additional funding required from the City of Chicago pursuant to the existing laws governing the Fund.

Click here to read the letters sent to elected officials of the City of Chicago, State of Illinois, and Local 2 regarding proper funding of the Firemens' Annuity and Benefit Fund of Chicago.

The Fund will keep all members apprised of all developments concerning this matter  

The Ende, Menzer, Walsh & Quinn Retirees', Widows' and Children's Assistance Fund 's sole purpose is to provide financial assistance to the neediest widows and orphans of Chicago firefighters and paramedics. Please click the following link for more information.

     Ende Menzer Walsh and Quinn Retirees' Widows' and Children's Assistance Fund

Firemen's Annuity and Benefit Fund of Chicago has prepared general estimates for members that currently have 29 years and 1 day of service and will be at least age 55 prior to December 31, 2016 and for members that currently have 29 years and 1 day of service and will be at least age 55 prior to December 31, 2017. Please click the following links to see the information. You can contact the Pension Fund Office with any questions.

click here for 2016
click here for 2017

 

 

Firemen's Annuity and Benefit Fund of Chicago
20 South Clark Street, Suite 1400
Chicago, IL 60603

Phone: (312) 726-5823
Fax: (312) 726-2316