Daywatch: City demands thousands of Chicago officers pay off pension error

Daywatch: City demands thousands of Chicago officers pay off pension error

Good morning, Chicago.

Thousands of Chicago police officers received an unwelcome letter from their pension fund this week: thanks to a payroll error spurred by officers’ latest contract, approximately 3,000 are required to cut a check to their pension fund, plus interest.

The Fraternal Order of Police, Lodge 7, which represents most rank-and-file cops, said it planned on filing a grievance over the error so that the city would have to pay that interest charge instead of workers.

The flub is hitting Tier 2 members of the Policemen’s Annuity and Benefit Fund of Chicago, those who started working for the CPD on or after January 1, 2011. Those members make up roughly half of the more than 12,000 active members of the fund. Sworn officers contribute 9% of their salary to their pension, which is automatically withdrawn from paychecks.

PABF, in a letter to members, said the error was because of a “fiscal year discrepancy” with the city.

Read the full story from the Tribune’s A.D. Quig and Jeremy Gorner.

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