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A: The requirements to be eligible for a monthly pension based on the minimum formula (2.4% of Final Average Salary per year accrual rate) are: 30 years of service, payable at age 50 or greater.
Before you can be admitted to the Police Training Academy, you must undergo physical testing (known as the Police Officer Wellness Evaluation Report (P.O.W.E.R.) test), as well as a background check, psychological evaluation, drug testing, and other testing as required by the Chicago Police Department.
Duty Disability: A duty disability benefit will either be equal to 75% or 50% of the members salary at the time the disability is allowed. Duty disability benefit shall be payable until the policeman becomes age 63 or would have been retired by operation of law.
Are participants retirement benefits subject to state income tax? Retired participants who are Illinois residents do not pay state income tax on retirement income. Participants who reside in other states should consult their income tax professional to determine the taxability of benefits in their home state.
Filming. The series is filmed entirely in Chicago. The exterior of the station house is the Old Maxwell Street Police Station (943 West Maxwell Street) and is the same location that was used in the series Hill Street Blues.
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The median annual pension for a retired officer was about $64,000 in 2021. Comp time benefits and overall overtime are not included as part of the final rate of earnings to calculate a Chicago police officers pension.
Even state workers, a majority of whom earn Social Security, draw an average pension of $45,700. In Chicago, the average pension for career city workers who recently retired totals $65,000. To be clear, government workers who earn these generous pension benefits have done nothing wrong.
The calculation of a Monthly Retirement Annuity is equal to 2.5% of average salary for each year of service, subject to an annuity reduction factor of one-half of 1% for each month that the participants age at retirement is under age 55.

chicago police medical section