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Oct 02, 2018 08:45 AM

IMPORTANT!!! Pension Benefits Suspensions

If your pension benefits have been suspended, it may be due to your Annual Signature Verification Form. Please contact the LABF immediately at 312-236-2065 for more information.

 

Suspension of Annuity Benefits

The 2018 Annual Signature Verification Forms were mailed on July 24th. The deadline to return the completed forms was August 17, 2018. Please be advised, if you currently receive a monthly annuity payment and have not submitted your completed notarized form to the Fund, your payments will be suspended effective October 1, 2018. Your payments will resume when your completed notarized form has been received and validated.

 
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May 09, 2018 09:10 AM

Participant Statements

The 2017 annual Statement of Participant's Accumulated Contributions has been mailed to active members. If you have not received your statement or need to update your personal information, please contact the LABF.

 
Feb 01, 2018 09:31 AM

2018 Tax Update

Annuitants, please be advised, the 2018 IRS tax withholding rates will be reflected in the March 1, 2018 annuity payment. For more information regarding tax updates, click here to be directed to the IRS website. For information regarding pensions and annuity withholdings, visit: www.IRS.GOV/individuals/international-taxpayers/pensions-and-annuity-withholding. The LABF cannot and does not offer tax advice.

 
Dec 08, 2017 03:04 PM

The LABF May Owe You Money

Currently, the LABF holds contributions from Inactive Members who have never filed for pension benefits or a refund of contributions. We are trying to find these members. Click here to review the Unclaimed Contributions List to see if you, or someone you know, may be owed a refund of contributions or a benefit.

 
Oct 13, 2017 03:05 PM

2017 Trustee Election Winner

Trustee Election 2017 In accordance with State law, an election was held to select the Retirement Board Trustee representing the LABF’s annuitants for a three-year term that begins December 2, 2017. The candidates in the LABF 2017 Trustee Election were: JAMES CAPASSO (retired December 2012) DANIEL SHEEHAN (retired August 2014)

 
Sep 28, 2017 02:18 PM

Tier 2 Members Must Take Action by November 15, 2017

On July 6, 2017, Senate Bill 42 was enacted into law, becoming Public Act 100-0023 (“Act”). The Act provides additional funding to the Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund of Chicago (“LABF”) and creates a new “tier” of pension benefits. Furthermore, the Act allows any person who first became a member of the LABF or another Designated Reciprocal Fund on or after January 1, 2011, but prior to July 6, 2017 (commonly referred to a “Tier 2 Member”), to irrevocably

 

2017 Trustee Election

In accordance with State law, an election is scheduled to be held to select the Retirement Board Trustee representing the LABF’s annuitants for a three-year term that begins December 2, 2017. Portions of the rules governing the election are summarized below. For a complete list of election rules, visit our website at LABFChicago.org/2017-trustee-election/

 
Jul 28, 2017 12:00 PM

Public Act 100-0023

Public Act 100-0023 On July 6, 2017, Senate Bill 42 was enacted into law, becoming Public Act 100-0023. The new law provides additional funding to LABF and creates a new tier of pension benefits. More detailed information regarding the new law and how it impacts LABF’s members will soon be made available on our website.

 
Jun 05, 2017 11:46 AM

IMPORTANT!!! Pension Benefits Suspensions

The 2017 Annual Signature Verification Forms were mailed April 12th. The deadline to return the completed forms was May 12, 2017. Please be advised, if you currently receive a monthly annuity payment and have not submitted your completed notarized form to the Fund, your payments will be suspended effective July 1, 2017. Your payments will resume when your completed notarized form has been received and validated.

 
 
Results: 54 Articles found.
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