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.

Recent News

May 23, 2017
2016 Actuarial Report

The 2016 Actuarial Report was presented at the May 18 Board Meeting. You may review the report by clicking here.

 

Additional information, including the reports cover letter and the abridged presentation are also available for review.

May 16, 2017
Regular Meeting Date Change

Please note, the Regular Meeting of the Board of Trustees for October, 2017 has been changed to Wednesday, October 25, 2017.

May 8, 2017
Annual Pension Verification

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.

January 19, 2017
City of Chicago Retiree Group Healthcare Deduction Authorization Form

City of Chicago annuitants who are participating in the City sponsored 2017 Group Healthcare Plan can click here to access the required Deduction Form.

September 23, 2016
HB 705 Subject Matter Hearing Presentation Materials

Recently, the Fund's Executive Director and Segal Consulting, the Fund's Actuaries, presented to the Illinois House regarding proposed HB 705. You can see the presentation materials and link to the live version of the presentation here.

February 22, 2016
IMPORTANCE OF PROPER FUNDING

The Municipal Employees’ Annuity and Benefit Fund of Chicago (“Fund”) has informed the City of Chicago, the State of Illinois, and the bargaining units that represent the majority of the employees covered by the Fund that the Fund faces the risk of insolvency unless it receives proper funding.  Public Act 98-0641, which in part included a schedule to move the Fund to actuarially based funding, was ruled unconstitutional by the Circuit Court of Cook County because certain provisions of Public Act 98-0641 were held to improperly diminish or impair existing pension benefits.  As a result of the court’s ruling, the Fund returns to a funding formula based on a multiplier of employee contributions, which is insufficient to adequately fund the Fund.  The Circuit Court’s ruling currently is on appeal to the Illinois Supreme Court but the Fund has no idea when a decision will be released or what the decision will be. 

 

Click here to read the letter recently sent to the elected officials of the City of Chicago, State of Illinois, and the bargaining units.  As you will note, the letter also includes a report showing the current funding situation of the Fund as well as the Laborers’ Fund, including comparisons to other pension funds within the State of Illinois.

 

Mission Statement

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.

Thinking About Retiring?

The annuity calculator allows you to enter data to calculate an unofficial projection of your estimated Municipal Employees' Annuity and Benefit Fund (MEABF) retirement benefit.

Have You Returned to Work or Are You Considering Returning to Work?

Annuitants currently collecting a pension from the MEABF may not return to work for an employer who contributes to the MEABF in any capacity.Please contact the Fund's Annuitant Services teamimmediately if you have returned to work or if you have questions.

Life Events

All Active, Retired and Surviving Spouse Members:

As life events occur: relocations, marriages, births, deaths, divorce, etc., you should keep the Pension Fund updated of any and all changes. This is to assure you received news, updates and/or tax forms in a timely fashion.

Are You Unable to Work Due to Injury or Illness?

If you are unable to work due to injury or illness, remember that you may qualify for Ordinary or Duty Disability Benefits. Click here to download the Fund's Disability Handbook, find out which benefit you may qualify for and how to apply.