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Credible Service Maximum Limitation
Shelley Wright
/ Categories: News & Events

Credible Service Maximum Limitation

At the recent pension seminar, a question was asked about how earned service credit applies to Tier One members who entered service with the CFD at an early age and are exceeding the 75% final salary limitation. Under the Illinois Pension Code (40 ILCS 5/6-128), a member who completes 23 years of service before age 53 earns an additional 1% of service credit for each year of service beyond 23, up to age 53. This may result in up to 3% of service credit during that time, which may lead to an estimate exceeding 75%. 

Please be aware, another provision of the Code (40 ILCS 5/6-144) limits the maximum annuity to 75% of the member’s highest final average salary. While the Fund’s pension administration system continues to calculate the benefit as earned under Section 6-128, the 75% limitation is applied at the time of retirement. 

Pre-Retirement Seminar Pre-Retirement Seminar Update Local 2 Agreement with City and Retro Pension Calculations Update Local 2 Agreement with City and Retro Pension Calculations
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Member Trustee Election Information

Under provisions of the Illinois Pension Code, an election was held to fill the office of the Annuitant Member Trustee of the Retirement Board. The new term will run from December 1, 2025, through December 1, 2028.  Click here to see the certified results.

Click here to see the posted election notice for more details

Only one active member candidate registered a ‘Statement of Candidacy’ for the Fall Election. Accordingly, the Election Committee recommended that he be affirmed as the winner of the Active Member Trustee Election. His new term runs through December 1, 2028. Click here to see the certified results.

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Pre-Retirement Seminar

The 2026 Spring Pre-Retirement Seminar is scheduled to be held at Guaranteed Rate Field (Sox Park) in the Wintrust Conference and Learning Center. The date for the seminar is Saturday, April 11, 2026, from 8:00 AM to 2:30 PM. Registration is limited to 120 and we are at capacity for the spring event. We have tentatively set the Fall Pre-Retirement Seminar for September 27 at the same venue. Please register with the Fund via email at seminar@fabf.org to confirm participation or cancel if your plans have changed. 

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