Welcome to MEABF.org
MEABF is a defined benefit, single employer benefit plan that was established in 1921 by
an act of the Illinois General Assembly to provide disability and retirement benefits to
qualified employees of the City of Chicago and the Chicago Board of Education. Our sole
purpose is to pay earned benefits to our members, which is funded by a combination of
member contributions, taxes levied by the City of Chicago, and investment earnings from
Plan reserves. MEABF is a component unit of the City of Chicago, and as such, is
included in the City of Chicago's financial statements as a pension trust fund.
We take care of the people who take care of Chicago.
November 19, 2015
2016 MEABF Trustee Election ResultsThe results of the Trustee election held on Friday, October 30, 2015 can be reviewed here.
The MEABF of Chicago welcomes Mr. Jeffrey Johnson to the Retirement Board as it's newest member. Mr. Johnson's term begins December 1, 2015.
September 21, 2015
Public Act 98-0641 - UpdateFor eligible employee annuitants, a special one-time payment will be made to you the week of September 21st by our benefit service provider, The Northern Trust. You will receive, in the mail, either an electronic fund transfer advice or physical check, if you do not have your monthly annuity payment made by direct deposit. The message printed on the advice or check is as follows:
Thet Cook County Circuit Court overturned Public Act 98-0641. The effect on your benefit is that the 3% compounded annual increase is restored. Back on January 1, your monthly annuity was increased by an amount less than the 3%. This payment represents the adjustment in your annual increase retroactive to January 1, 2015. The benefit due October 1, 2015 will represent your new, monthly, gross annuity with the 3% annual increase.