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 12, 2014
Annual Annuity Increase - 2015In accordance with PA 98-0641, the annual annuity increase in 2015 for eligible annuitants of the Municipal Employees' Annuity and Benefit Fund of Chicago has been calculated and provided to the Fund by the Illinois Department of Insurance. You can read the announcement here.
Eligible annuitants who receive under $22,000 annually, will receive a 1% increase based on their 2014 gross annuity.
Eligible annuitants who receive $22,000 or more annually, will receive a 0.85% increase based on their 2014 gross annuity.
November 12, 2014
Public Act 98-0641On June 9, 2014, Governor Quinn signed Public Act 98-0641 into law. This Act of the General Assembly effects the annual contibutions of active Fund members, annual contributions of the Plan Sponsor and annual increases in annuity for annuitants.
Click here for a summary of the Act.
Click here to be taken to examples of the Act's effects on annuities.
November 3, 2014
INFORMATION REGARDING CITY OF CHICAGO PREMIUM OVERPAYMENT REFUND REQUESTSThe City of Chicago has established guidelines for City of Chicago annuitants who participate in the City's retiree healthcare plan and refund requests of insurance premium overpayments. Please click here to see when the Fund must be notified regarding various changes to healthcare plans.
October 9, 2014
2014 Fall Pension Matters / Annual Financial Report - Available NowIn an attempt to further lower costs associated with sending information to our members, the MEABF has combined its Annual Financial Report and newsletter, Pension Matters into one, comprehensive publication. You can read the latest Pension Matters here.
October 3, 2014
City of Chicago Retiree Healthcare Enrollment Period ExtendedThe City of Chicago has extended its Healthcare Open Enrollment period for city retirees who currently participate in this plan. Information has been sent by the City to those affected. The deadline is now October 23, 2014. For information please call 1-877-299-5111 or visit http://chicagoretireebenefits.org.