Welcome to our web site! This is where you can learn more about the Park Employees' Annuity and Benefit Fund. 

On behalf of the Retirement Board,



Pamela A. Munizzi
      President





Report of the President

Principal Provisions
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Park Employees' Annuity and Benefit Fund of Chicago


Park Employees' Annuity and Benefit Fund of Chicago
Lawsuit in regard to Public Act 098-0622 (Senate Bill 1523)
On March 1, 2018, Judge Cohen issued an opinion finding Public Act 98-0622 unconstitutional. Therefore, the additional 1% in employee contributions that were paid to the Fund since January 1, 2015, will be refunded to employees with pre-judgment interest. The District will process the refunds of employee contributions and interest. The Fund anticipates those payments will be issued by July 31, 2018. In addition, the Fund will restore any reduced duty disability benefits retroactively, with pre-judgment interest to any employees who received a reduced duty disability benefit. The Fund anticipates issuing such payments by June 30, 2018. The next status hearing before the Court is set for January 8, 2019

Dean J. Niedospial
Executive Director


© 2017 Park Employees' Annuity and Benefit Fund of Chicago