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  Frequently Asked Questions

What type of pension fund is MEABF?
What is a defined benefit plan?
How is the Plan governed?
How is the Plan funded?
What is a Funding Ratio?

What type of pension fund is MEABF?

The Municipal Employees’ Annuity and Benefit Fund of Chicago (MEABF) is a governmental defined benefit plan established under Illinois State law to provide annuity benefits for certain municipal employees of the City of Chicago and career service employees of the Chicago Board of Education. The Fund is a qualified 401(a) plan under the Internal Revenue Code.

 

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