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

October 8, 2019
2018 Abridged CAFR

The Board of Trustees has published the 2018 Abridged Comprehensive Annual Financial Report (the "CAFR"). This document is being mailed to all active and retired members of the MEABF.

 

Please read this document carefully as it contains crucial information regarding your pension's current funding status.

 

You can find the 2018 Abridged CAFR here.

October 7, 2019
2019 Trustee Election

Notice is hereby given that the results of the Regular Election for one Trustee of the Municipal Employees’, Officers’ and Officials’ Annuity and Benefit Fund of Chicago (the Fund), which was to be held October 21 – 6:00 p.m., October 25 will be certified since the candidate, Mr. Thomas J. McMahon, is unopposed.

 

Notice is also given that voting opportunities listed in the original Notice of Election will not occur for the Regular Election October 21 – 6:00 p.m., October 25, 2019, due to the certification.

 

In accordance with the Rules of Election, individuals meeting all the requirements for candidacy must have filed their petitions for candidacy along with all the necessary documentation by 4:30 p.m., Friday, October 4, 2019.

 

Mr. Thomas J. McMahon was the only petitioner to file for candidacy.

September 30, 2019
The Fund Has Hired a New Executive Director

Following a competitive search, the Municipal Employees’, Officers’ and Officials’ Annuity and Benefit Fund of Chicago (referred to as the “Fund”) has hired Dennis White as its new Executive Director effective as of November 1, 2019.

 

Mr. White will transition into his new role at the Fund with significant public pension fund experience from his years of service as an elected trustee of the County Employees and Officers Annuity and Benefit Fund and the Forest Preserve District Employees and Officers Annuity and Benefit Fund of Cook County (the “County Fund”) and his brief tenure in 2018 as the Interim Executive Director of the County Fund.

 

In addition to his leadership experience with the County Fund, Dennis has a strong background in law and financial management in the public sphere. Prior to becoming Executive Director, he served for over twelve years as the Chief Attorney for the Forest Preserve District of Cook County.  

 

“We look forward to working with a leader of Mr. White’s caliber as our Executive Director,” said Thomas McMahon, the Fund’s current president.

 

Added White: “I am honored to lead the Fund as Executive Director and look forward to working with the Board and the Fund’s staff to address the Fund’s mission of providing benefits and safeguarding the assets of the Fund on behalf of the Fund’s participants and beneficiaries.”

September 20, 2019
City of Chicago Retirees Health Insurance Subsidy Reimbursement Notification

City of Chicago annuitants who are members of the MEABF and meet all of the following criteria:

 

  1. Annuitant must have retired on or after August 23, 1989;
  2. Annuitant must have been hired prior to April 4, 2003;
  3. Annuitant must have at least 15 years of City of Chicago service;
  4. Annuitant must be 65 years old or older; and 

 

Annuitant must have:

 

a. participated in a group healthcare plan for which the Fund offers to deduct health insurance premiums from monthly annuities in accordance with the 1983 and 1985 amendments to the Illinois Pension Code Statutes (currently either the Blue Cross/Blue Shield plans sponsored by the City of Chicago or the Aetna plans sponsored by the Labor Benefits Association);

 

OR

 

b. for the period between January 1, 2017, and December 31, 2019, participated in any health insurance plan and paid their healthcare insurance coverage themselves, either through an account on which the annuitant is named or an account established for the benefit of the annuitant.

 

The MEABF will begin mailing notices regarding the lump-sum refund to which they may be entitled, as well as a notice with instructions on receiving the partial subsidy reimbursement for the months they did not participate in either the Blue Cross/Blue Shield plans sponsored by the City of Chicago or the Aetna plans sponsored by the Labor Benefits Association.

 

September 13, 2019
2019 Trustee Election

Notice is hereby given that an election for one trustee for the period beginning December 1, 2019 - November 30, 2022, will occur October 21-25, both online or via telephone.

 

The Notice of Election and Rules of Election can be found by clicking here.

August 13, 2019
City of Chicago Retirees Health Insurance Subsidy Reimbursement Notification

The Circuit Court of Cook County has ordered that all eligible City of Chicago employee annuitants (both current and future employee annuitants, but not spousal or child annuitants) of the MEABF are entitled to receive a health insurance premium subsidy of $25 per month from the MEABF, representing a partial reimbursement for healthcare costs, for each month after December 31, 2016 in which they qualify.

 

Notices for members who qualify, and have a record of participating in the current Blue Cross Blue Shield or AETNA group healthcare plans are being sent notices regarding the healthcare subsidy reimbursement beginning Wednesday, August 14, 2019. 

 

If you receive a notice and have any questions, please call the Fund at 312-236-4700 and a representative will assist you.

August 2, 2019
City of Chicago Retirees Health Insurance Subsidy Reimbursement Notification

The Circuit Court of Cook County has ordered that all eligible City of Chicago employee annuitants (both current and future employee annuitants, but not spousal or child annuitants) of the MEABF are entitled to receive a health insurance premium subsidy of $25 per month from the MEABF, representing a partial reimbursement for healthcare costs, for each month after December 31, 2016 in which they qualify.

 

Notices for members who qualify, but have no record of participating in the current City of Chicago group healthcare plans are being sent beginning Friday, August 2, 2019. 

 

Additional notifications to qualified City of Chicago employee annuitants who participated in the current City of Chicago group healthcare plans will be mailed no later than August 15, 2019.

 

If you receive a notice and have any questions, please call the Fund at 312-236-4700 and a representative will assist you.
 

July 23, 2019
Request for Proposal - Pension Administration System

The Board of Trustees of the Municipal Employees' Annuity and Benefit Fund of Chicago ("MEABF") is requesting proposals from qualified firms interested in providing a comprehensive Pension Administration System ("PAS") for the MEABF. 

 

Information regarding qualifications can be found here.

July 23, 2019
Unclaimed Property

The MEABF is attempting to locate individuals aged 70½ years and older who have money remaining in the Fund. IRS Rules dictate that individuals who reach age 70½ must begin taking minimum distributions from retirement benefits.

 

A list of these individuals is located here.

 

If you or someone you know is on this list, call the Fund at 312-236-4700 and dial extension 7391 to speak with a Benefits Counselor.

October 1, 2018
Unclaimed Property - Inactive Members Over 70.5 Years Old

The MEABF is attempting to locate individuals aged 70½ years and older who have money remaining in the Fund. IRS Rules dictate that individuals who reach age 70½ must begin taking minimum distributions from retirement benefits.

 

A list of these individuals is located here.

 

If you or someone you know is on this list, call the Fund at 312-236-4700 and dial extension 7391 to speak with a Benefits Counselor.

Mission Statement

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. 

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 team immediately 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.