Pension News - FABF

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DECEASED PARTICIPANTS FROM AUGUST 1, 2012 THROUGH MARCH 31, 2013 (cont.) NAME DATE OF DEATH FRANCIS P. HIGGINS SR. 01/03/2013 FIREFIGHTER ROSE MARIE LaROCCA 01/03/2013 WIDOW OF LUCAS J. LaROCCA NANCY ANN MARTIN 01/04/2013 WIDOW OF JOHN J. MARTIN JEAN G. KOWALSKI 01/08/2013 WIDOW OF LEONARD F. KOWALSKI DOLORES KILLHAM 01/09/2013 WIDOW OF GEORGE C. KILLHAM RICHARD A. SCHREINER 01/09/2013 FIREFIGHTER THOMAS F. ROUNTREE 01/12/2013 FIREFIGHTER NICHOLAS LUCHYN 01/13/2013 FIREFIGHTER JOHN A. DOHERTY 01/14/2013 FIREFIGHTER RENEE V. SMITH 01/14/2013 WIDOW OF CHESTER E. SMITH CHRISTOPHER ULRICH 01/14/2013 EMT FIREFIGHTER RICHARD E. GALAS 01/18/2013 PARAMEDIC GERTRUDE B. RYAN 01/18/2013 WIDOW OF EDMUND S. RYAN FREDERICK J. CELESTINE 01/21/2013 FIREFIGHTER THOMAS E. MINTLE 01/21/2013 FIRE ENGINEER ROSE L. KOWALSKI 01/22/2013 WIDOW OF HARRY J. KOWALSKI FRANCIS J. FINERON 01/24/2013 LIEUTENANT LAVERNE MANNS 01/24/2013 WIDOW OF JAMES W. MANNS MARGARET L. NORDOFF 01/27/2013 WIDOW OF EDWARD W. NORDOFF DOROTHY M. TIETZ 01/29/2013 WIDOW OF EUGENE F. TIETZ VICTOR DUCHENE 01/30/2013 FIREFIGHTER WILLIAM T. KING 02/02/2013 EMT LIEUTENANT RICHARD H. WILLIAMS 02/06/2013 LIEUTENANT PATRICIA A. DONAHUE 02/08/2013 WIDOW OF ROBERT J. DONAHUE NAOMI J. BURKE 02/09/2013 WIDOW OF PATRICK A. BURKE SHIRLEY M. JOST 02/09/2013 WIDOW OF THOMAS M. JOST JOHN P. MENCL 02/11/2013 FIREFIGHTER HERBERT WILLIAMS 02/14/2013 LIEUTENANT VIRGINIA R. DEDMOND 02/16/2013 WIDOW OF WALTER J. DEDMOND JOHN M. DWYER 02/17/2013 FIREFIGHTER MARY BROWN 02/18/2013 WIDOW OF COLLINS E. BROWN THOMAS S. MELZL 02/18/2013 FIREFIGHTER HARRY S. BENSON 02/19/2013 LIEUTENANT H. JEROME CURRAN 02/19/2013 FIREFIGHTER DONALD C. ZLOTKOWSKI 02/21/2013 FIREFIGHTER CAROLYN F. HEALY 02/23/2013 WIDOW OF JOSEPH F. HEALY OLIVER F. SCHLEGEL 02/28/2013 CAPTAIN SHARON DROBITSCH 03/01/2013 WIDOW OF ROBERT A. DROBITSCH HARRIETTE PILLON 03/02/2013 WIDOW OF ROBERT L. PILLON JAMES R. MUNSEN 03/07/2013 FIRE ENGINEER ANNAMAY OLIVER 03/07/2013 WIDOW OF JAY W. OLIVER CHARLES F. FINLON 03/09/2013 FIREFIGHTER LEONARD L. WILSON 03/09/2013 FIREFIGHTER BRUNO GANZ 03/10/2013 BATTALION CHIEF ROGER E. McCULLOUGH 03/11/2013 FIREFIGHTER 6
DECEASED PARTICIPANTS FROM AUGUST 1, 2012 THROUGH MARCH 31, 2013 (cont.) NAME DATE OF DEATH CHARLES W. FISHER 03/12/2013 BATTALION CHIEF ISABELLE VARGA 03/13/2013 WIDOW OF JOSEPH A. VARGA JOY N. DAVIS 03/14/2013 PARAMEDIC ARMELDA HARRILL 03/14/2013 WIDOW OF WILLIAM A. HARRILL LOIS COOPER 03/15/2013 WIDOW OF ALBERT COOPER ELMER W. BAUER JR. 03/17/2013 FIREFIGHTER RUDY STEIGERWALD 03/22/2013 FIREFIGHTER JUANITA G. GAGNON 03/23/2013 WIDOW OF ARTHUR R. GAGNON LILLIAN KELSO 03/25/2013 WIDOW OF VERNON T. KELSO DONALD J. WALPOLE 03/28/2013 BATTALION CHIEF LEROY R. FLEMING 03/29/2013 FIREFIGHTER EDWARD G. ZAUKAS 03/30/2013 JAMES M. DONOVAN 03/31/2013 FIREFIGHTER AARON L. FINLEY 03/31/2013 FIREFIGHTER MARIANNE McHALE 03/31/2013 WIDOW OF MEL G. McHALE * Denotes information received after publication of the last newsletter Denotes died active Our Deepest Sympathy To the Families and Friends Who Have Lost Loved Ones DAN FABRIZIO Dear Brothers & Sisters, There was a report in the February 22 nd edition of the Chicago Sun-Times regarding two issues discussed at the February 20, 2013 meeting of the Firemen’s Annuity and Benefi t Fund of Chicago: disabilities and divestment. The Firemen’s Annuity and Benefi t Fund is the entity responsible for the payment of disability and pension benefi ts to Chicago fi refi ghters, paramedics and their families. Contributions by both the fi re service employees and the city of Chicago, as prescribed by state statute, are collected in order to fund the plan. The city does not, however, pay Workmen’s Compensation for its fi refi ghters and paramedics, except for burns of exposed skin. The city does not pay Social Security for its fi refi ghters. The city did not remit any Medicare payments for its fi refi ghters prior to 1986. Because of this, fi refi ghters and paramedics are not eligible for Workmen’s Comp, Social Security or Medicare (pre-1986). The Firemen’s pension fund is our member’s sole source of disability and retirement security. It was reported that fi refi ghters and paramedics collected $27 million in taxpayer funded duty disability benefi ts in 2011. The actual amount of duty disability benefi ts paid by the Fund was $15.3 million, representing approximately 6.7% of total Fund expenditures during 2011. Also omitted from the report was that since 1999, the number of members in receipt of disability benefi ts has declined 31% because of revised procedures established years ago by the Fund’s Trustees. Lastly, an inconvenient truth about disability payments is that the city has not contributed any amount, as required by state statute, to reimburse the Fund for its disability payments . Such a failure to pay what is owed to the Fund for disabilities is one of the causes for the severe underfunding suffered by this plan for so many years. Yes, the Firemen’s plan is seriously underfunded. As of 2011, the Fund’s actuarial report indicates that the pension fund had only 28 cents in assets for every dollar needed for future benefi t. But why is that? Most pension funds in the country 7
Page 1 and 2: Spring 2013 PENSION NEWS PUBLICATIO
Page 3 and 4: FROM THE SECRETARY (cont.) the memb
Page 5: DECEASED PARTICIPANTS FROM AUGUST 1
Page 9 and 10: THE FOLLOWING ANNUITIES AND BENEFIT
Page 11 and 12: THE FOLLOWING ANNUITIES AND BENEFIT
Page 13 and 14: FROM THE RETIRED TRUSTEE WALTER CAR
Page 15 and 16: GIFT FUND DONATIONS AUGUST 2012-FEB
Page 21 and 22: ENDE MENZER WALSH & QUINN WIDOWS' A
Page 23 and 24: SOFTBALL 23

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