1412 West Washington Boulevard Chicago, Illinois 60607-1821 (312) 733-7776

Retiree Healthcare

Retiree Healthcare Agreement

The retiree healthcare agreement established in 2009, commonly referred to as “55 & out” is still intact.  Below are bullet points of the current terms of the agreement.

  • Beginning July 01, 2022, Officers who submit to retire at age 55-59 shall be eligible to receive the healthcare benefits identified in 25.2 at 3.5% of the Officer’s annuity (provided that the required number of eligible officers filing for retirement by the pre-determined date is met);

  • Beginning July 01, 2022, Officers retiring at the age of 60 shall continue to receive the same benefits identified in 25.2 at 2% of the Officer’s annuity;

  • All final compensation [Furlough Days, Baby Furlough Days, Personal Days, FLSA overtime] shall be paid out upon retirement including up to $10,000 of non FLSA overtime;

  • On or before March 1st of the calendar year following retirement the retiree will receive $15,000 and one-third of any remaining overtime;

  • On or before March 1st of the second calendar year following retirement the retiree will receive up to $20,000 and one-half of any remaining overtime;

  • On or before March 1st of the third calendar year following retirement the retiree will receive any remaining compensation for accumulated overtime.

Online Retirement Par Forms

The Department implemented the Online Retirement PAR form program that allows officers to retire electronically. This is the only way that officers can submit a retirement PAR form.

Officers need to log on to the CLEAR application page on the Department intranet site. Members need to click on the Human Resources link to proceed.

Members should read the Memorandum of Understanding that outlines the newly established premium-free healthcare agreement prior to completing and submitting the completed PAR form.

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