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

Report of the President

Principal Provisions
Park Employees' Annuity and Benefit Fund of Chicago

Park Employees' Annuity and Benefit Fund of Chicago
The week of August 1, 2018, the Fund office will be mailing a pension verification letter to the address on file. Please complete the form and have notarized prior to returning to our office. Failure to respond to the letter by September 30, 2018 will result in a suspension of your pension benefit.
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 October 2, 2018

Dean J. Niedospial
Executive Director

© 2017 Park Employees' Annuity and Benefit Fund of Chicago