FABF Website Admin / Thursday, July 18, 2024 / Categories: News & Events Minimum Annuity Increases RETIREE MINIMUM ANNUITY INCREASED The Firemen’s Annuity and Benefit Fund of Chicago Retirement Board voted at the February 2024 meeting to approve a statutory increase to the minimum retired annuity benefit consistent with the requirements of the Illinois Pension Code. The Minimum Retiree Annuity benefit is to be no less than 125% of the 2024 Federal Poverty Level. February 29th checks will reflect this adjustment. WIDOW MINIMUM ANNUITY INCREASED Also, at the February meeting, the Board voted to approve a statutory increase to the minimum survivor (widow) annuity benefit consistent with the requirements of the Illinois Pension Code. The Minimum Survivor (widow) Annuity benefit is to be no less than 150% of the 2024 Federal Poverty Level. The February 29th checks will reflect the new minimum monthly benefit amount of $1,882.50. Local 2 Annual Retiree Luncheon 1099R Delivery Disruption Print 83