A RETIREMENT FUND DEDICATED TO THOSE WHO ARE THERE FOR OTHERS
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NEW LEGISLATION UPDATE
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On Friday Governor Pritzker took action by signing Senate Bill 1629 and creating Public Act 103-0579. The new Act impacts all Tier II members by lowering the number of months required to determine final average salary (the greater of) for annuity purposes from 96 consecutive months of service within the last 120 months, to 48 consecutive months of service within the last 60 months. The bill becomes effective immediately.
The Board will be working with Staff and legal counsel to determine the process utilized by the Fund to implement this new legislation. It is anticipated that details regarding the Act’s implementation will be discussed at the July Retirement Board Meeting.
FABF is partnering with ID.Me, a vendor that will securely send submitted documents over the web. For questions about ID.me and it's role, please here.
Please click here to view a flyer from the CFD Retiree Memorial Committee.
Please click here to view the approved 2024 Board Meeting dates.
Please note that the Firemen’s Annuity and Benefit Fund of Chicago has no information relating to refund checks and any such inquiry should be directed to the City of Chicago consistent with the instructions on the City’s website.