MEABF is governed in accordance with the requirements of the Illinois Pension Code. The Plan is administered by a five person Retirement Board (the Board) made up of three members elected by the active membership of the Plan and two ex-officio members selected by the Mayor of the City of Chicago by job title; the Comptroller and Treasurer of the City. The Board has a fiduciary responsibility to ensure all decisions made are in the best interest of the membership.