Once you submit your CLEAR form, you MAY not be able to rescind your retirement. The Board is composed of 8 trustees: 4 of whom are elected and 4 of whom are appointed by the Mayor of the City of Chicago. Expect to receive the first 50 pages of standard paper copies free of charge. For any questions about address changes, please contactMember Services, 312.641.4464. Pension Funds Pension Funds City of Chicago currently contributes to four pension funds as required by the State of Illinois Compiled Statues. All employees earn benefits at the same rate but a change was made in 2010 which created Tier 2. The RFP can be found by clicking this link. 66 2/3% of the earned annuity of the unretired member; no age reduction. An alternate payee is typically a former spouse, but may be a current spouse, child, or other dependent. The Board is committed to having staff, service providers and an investment portfolio that represents a variety of backgrounds, perspectives, and skills. Member 60 yoa and over at retirement can take their payout in either a lump sum or staggered payments. Pension Annual Statement System - Illinois * Please do not include dollar signs, commas, or decimal places--whole dollar figures only. This medical advisor will furnish occupational health services, including but not limited to, medical evaluations in disability related matters in accordance with the provisions of the Illinois Pension Code. Please read the . For more information regarding FOIA and current exemptions, see the Illinois Freedom of Information Act at 5 ILCS 140/1 et seq. All members of the Board of Trustees are fiduciaries with respect to the Fund and are statutorily mandated to discharge their duties as such solely in the interest of the Funds participants and beneficiaries. Trustee Huang Bennett is the Chief Finance Officer for the City of Chicago and has served in that role since May 2020. Special thanks to Detective Mike ODonnell (RET) for putting together the above cheat sheet. The PABF is a single employer, defined benefit pension plan. For additional questions about requests for information, please call the PABF office at 312-744-3891. QILDRO - Chicago Police Pension Fund A printed copy of your Personnel Action Request (PAR) form (aka the Retirement Submission Receipt).The status must be approved and form must be signed by you and your Commanding Officer. Members who joined CTPF or a qualified. For more information, contact the City of Chicago Benefits Management Office www.cityofchicagobenefits.org or 1-877-299-5111. About - Chicago Police Pension Fund Retirement age for a pension without a reduction. A Qualified Illinois Domestic Relations Order (QILDRO) is a court order issued by an Illinois court that directs an Illinois public retirement system to pay an alternate payee, all or a portion of a members retirement benefit, certain refunds, or lump sum death benefit. For FOP members and Sergeants, Lieutenants and Captains (retired prior to January 1, 2021): For Sergeants, Lieutenants and Captains (retired after January 1, 2021): Members who are Medicare eligible, have several plans available to them. Once submitted and approved, print a copy of the approved form.
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