Results: 22 Articles found.
Aug 03, 2020 06:15 AM

2020 Trustee Election

2020 Trustee Election In accordance with state law, the term of the trustee representing the Fund’s annuitants expires December 1, 2020. On Thursday, October 15, 2020, an election will be held to select a representative for this position for a term beginning December 2, 2020 and ending December 1, 2023. Regulations governing the election are summarized below. For a complete list of election rules visit:

Mar 30, 2020 02:25 PM


The LABF was notified of a Medicare scam in which the current COVID-19 pandemic is used as an excuse to obtain personal information from Medicare eligible members who obtain their health insurance through Blue Cross and Blue Shield of Illinois. You can read the BCBS Notice here:

Mar 23, 2020 04:02 PM

Pension Protections and the LABF’s Investments

Many members have recently contacted the LABF expressing concern about the recent downturn in the global financial markets and its impact on their pensions and the LABF investments. The status of the LABF’s investments will not affect the amount of your pension. The Illinois Supreme Court has held that your pension is guaranteed by the pension protection clause of the Illinois Constitution, regardless of the amount of money that exists in the LAB

Mar 18, 2020 09:55 AM


Due to the COVID-19 virus outbreak, the LABF’s office will be operating remotely Monday through Friday from 8:30am to 4:30pm beginning on March 18th. We will not be accepting visitors in the LABF office. We currently expect that all benefit payments will be processed as normal. You may reach our staff via phone, email and fax. We will return all calls and emails as soon as possible. Please rest assured we are pursuing every avenue to provide the service that our members expect during th​

Mar 16, 2020 07:28 AM

COVID-19 Notice

revised March 18, 2020 The World Health Organization (WHO) and the Center for Disease Control and Prevention (CDC) is responding to an outbreak of respiratory disease caused by a coronavirus known as COVID-19. The United States Secretary of Health and Human Services declared COVID-19 presents a public health emergency and Governor Pritzker issued a disaster proclamation in response to COVID-19. Since COVID-10 has been detected in numerous locations in Illinois including Chicago the LABF ​

Sep 25, 2019 12:02 PM

Healthcare Subsidy Refund

The Circuit Court of Cook County has ordered that all eligible City of Chicago employee annuitants (both current and future employee annuitants, but not spousal or child annuitants) of the LABF are entitled to receive a health insurance premium subsidy of $25 per month from the LABF, representing a partial reimbursement for healthcare costs, for each month after December 31, 2016 in which they qualify. The eligibility requirements are: * Annuitant must have retired on or after August 23, 1989

Sep 17, 2019 04:09 PM

2019 Trustee Election

Notice is hereby given that the trustee election which was to be held on Thursday, October 10, 2019, has concluded because the incumbent candidate, Michael LoVerde, ran unopposed. In accordance with State law, LABF’s Board of Trustees must conduct an election each year, under the rules adopted by it, for the purpose of selecting a trustee responsible for representing the members of the LABF. The 2019 election was to be held to select a trustee from among the active employee members of the LABF

Dec 21, 2018 12:00 PM

Retiree Healthcare Premium Refunds

The City’s Records Show That Some City Retirees May Have Uncashed Healthcare Premium Refund Checks. To see if you or a family member is due an uncashed check, please...

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.

Results: 22 Articles found.
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