Welcome to MEABF.org
We take care of the people who take care of Chicago.
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.
The Trustees and Staff of the MEABF present the 2016 Comprehensive Annual Financial Report. You can see a copy of the report by clicking here.
Public Act 100-0023 became law on July 6, 2017. To learn more about this law and the effect it has on funding and member contributions, please see the Fund's Legislature page.
At the last Regular Meeting of the MEABF Board of Trustees on June 22, 2017, Bansley & Kiener presented the 2016 Annual Report. A full copy of the 2016 Annual Report can be viewed here or under the Publications Tab.
The 2016 Actuarial Report was presented at the May 18 Board Meeting. You may review the report by clicking here.
Please note, the Regular Meeting of the Board of Trustees for October, 2017 has been changed to Wednesday, October 25, 2017.
Annual Pension Verification Forms have been mailed to all annuitants who receive a pension from the MEABF. Please complete the form, have it notorized and return it to the MEABF no later than September 30, 2017.
If you have any questions, please do not hesitate to contact the the Fund's Annuitant Services group.
Our mission is to provide benefits for our members, and our goals are to provide excellent service and preserve the fiscal integrity and financial stability of the Fund.