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.
MEABF has invested during many market cycles over time. Nobody has a crystal ball to foretell the future and history may not repeat itself, but in reviewing rolling return time periods, our average rolling returns have outperformed the assumed rate of return. The annualized historical returns of MEABF over the last 30 years can be found here.
The 2017 Abridged CAFR Report is scheduled to be mailed by July 31, 2018. An electronic version of the report can be accessed here.
The 2017 Comprehensive Annual Financial Report ("CAFR") is now available on the Fund's website. Click here to review the CAFR.
The 2017 Audit of Fund Financials was presented to the Board of Trustees on Thursday, June 21. To review the report, please click here.
At the Board of Trustee's Regular Meeting on Thursday, May 17, 2018, the Fund's Actuarial Consultants, Segal Consultants, presented the 2017 Actuarial Report. You can find a copy of the full report here. An abridged presentation of the Actuarial Report can be accessed here.
Our mission is to provide benefits for our members by providing excellent customer service to our members and preserving the fiscal integrity and financial stability of the Fund.