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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The Fund will be hosting a funding seminar on Saturday, September 16th, 2017. Click on the link to access the flyer for more information

   A PENSION FUNDING SEMINAR

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The Firemen's Annuity and Benefit Fund of Chicago is currently looking to fill the position of Defined Benefit Analyst at the Fund Office. Please click on the link below for information:

Defined Benefit Analyst

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The Firemen's Annuity and Benefit Fund of Chicago is currently seeking information from licensed commercial real estate brokerage firms (“Respondent(s)” or “Firm(s)”) regarding Commercial Real Estate Services, specifically Tenant Representation, to assist the FABF in the leasing of its office space. Please click on the link below for information:

Request for Information (“RFI”) for Tenant Representation Services

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The Firemen's Annuity and Benefit Fund of Chicago will be holding an election to fill the office of Active Member Trustee of the Retirement Board which becomes vacant on December 1, 2017 by reason of the expiration of term of the present incumbent and an election for Pensioner or Annuitant Member Trustee of the Retirement Board which becomes vacant on December 1, 2017 by reason of the expiration of term of the present incumbent. Please click on the following links for information

Active Firefighter Member Election

Annuitant Member Election

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PUBLIC ACT 100-0023 BECAME LAW ON JULY 6, 2017
At the July 19, 2017 Board meeting, the Trustees of the Firemen’s Annuity & Benefit Fund of Chicago passed the following motion:

Motion to direct Fund staff and Fund counsel to take the steps to make the necessary calculations required to fully implement Public Act 100-0023 as of the annuitant August payments.

The Retirement Board is expected to formally approve the increases required by PA100-0023, as well as any retroactive payments due to retirees as a result of the passage of the Act, at the August 16, 2017 Board meeting, which would then be reflected in the effected members August 31, 2017 benefit payment.

Please CLICK HERE for copy of PA 100-0023, Article 6.

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Click Here to read the July 25, 2017 PRESS RELEASE regarding the Fund's New Asset Allocation Strategy

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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

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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 Firemen's Annuity and Benefit Fund of Chicago.

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

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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

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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