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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.

 

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2024 Board Meetings

To review Board Meeting dates and documents, please click the link below.

Board Meetings

Report to Participants

Member Trustee Election Information

Under provisions of the Illinois Pension Code, an election will be held to fill the office of Active Firefighter Member Trustee of The Retirement Board. The position will become vacant on December 1, 2024, because of the expiration of the term of an incumbent. Ballots will be mailed to all active members eligible to vote no later than September 18, 2024.

Click here to see the posted election notice for more details

All members are encouraged to exercise their right to vote.

Pre-Retirement Seminar

The spring Pre-Retirement Seminar was another success! We received great feedback on the speakers, topics, and venue. The date and location for the Fall Pre-Retirement Seminar will be September 28, 2024, at the Wintrust Scout Lounge and Auditorium, Guaranteed Rate Field. The seminar will cover the FABF application process, healthcare options in retirement, social security, wills and estate planning, wellness, long-term care planning, deferred compensation utilization, and overall financial planning. Please contact the Fund at (312) 726-5823 or via email at seminar@fabf.org to confirm participation - seating is limited to 120 and spouses are welcome.

Click here for more information

Retirement Seminar Estate Planning Forms

Please note that these forms are draft forms and are to be used as tools in compiling your estate plan. Prior to executing, we recommend you consult with an attorney and tax professional to ensure that you are making decisions that are in the best interest of you and your estate. Please note that these forms may need to be updated based on Illinois law and we encourage you to confirm with an attorney and tax professional prior to execution.

description Revocable Living Trust Form description Health Care Power of Attorney Form description Pour-over Will description Power of Attorney

CFD Retiree Memorial

Observed Holidays

Office Closed:

  • New Year's Holiday Observed
  • Dr. Martin Luther King Jr.'s Birthday
  • Lincoln's Birthday Observed
  • President's Day
  • Pulaski Day
  • Memorial Day
  • Juneteenth Observed
  • Independence Day
  • Labor Day
  • Columbus Day/Indigenous People Day
  • Veteran’s Day
  • Thanksgiving (Thursday and Friday)
  • Christmas Holiday Observed