News - About LABF

Oct 03, 2024 09:39 AM

MEMBER ALERT

Fraudulent activity via text messages, phone calls, emails, and mail is on the rise. Public pension funds across the State of Illinois are receiving falsified address changes, direct deposit requests, and applications for benefits in attempts to redirect pension and refund payments. Please know that the LABF staff scrutinizes the validity of all forms submitted and is focused on recognizing and preventing fraud. Below you will find some helpful information regarding some common schemes.

Jul 28, 2022 06:15 AM

2022 Trustee Election

In accordance with state law, the term of one of the trustees representing the Fund’s active employees expires December 1, 2022. On Tuesday, October 4, 2022, an election will be held to select a representative for this position for a term beginning December 2, 2022 and ending December 1, 2025. Regulations governing the election are summarized below. For a complete list of election rules visit: LABFChicago.org.

Aug 19, 2020 11:21 AM

LABF seeks Registered Lobbyist

The LABF has issued a Request for Information (RFI) from Registered Lobbyists with responses due by September 11, 2020. Please see attachment for details.

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: LABFChicago.org.

Mar 18, 2020 09:55 AM

COVID-19 NOTICE Update

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 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.