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.
The 2018 MEABF Calendar has been approved and set. Click here to see Office Holidays, Board Meeting dates and - most importantly - Direct Deposit dates for 2018!
The results of the Trustee Election held on Friday, October 27 for Trustee for the term December 1, 2017 - November 30, 2020 are as follows:
Timothy G. Guest 311
Verna R. Thompson 437
Patrick J. Hassett 361
On behalf of the Board and Fund staff, we congratulate Ms. Thompson on her victory and look forward to working with her! We also thank both other candidates for their participation and wish them well in their future endeavors.
Thank you to the 1111 Fund members who took time from their work day to travel to the Fund offices from all over the City to participate in this year's election!
The Retirement Board of the Municipal Employees' Annuity and Benefit Fund of Chicago is requesting proposals from qualified firms interested in providing active U.S. equity small cap value investment management services. The requirements and RFP document can be found on the Fund's Procurement page or by clicking here.
We're on Facebook! Look us up and follow us for the most recent information about the Fund. Use chimunipension to connect with our Facebook page and please share with any other members who would like to be in touch with what is happening with the Fund.
Public Act 100-0023, effective July 6, 2017, creates a third tier of participants in the MEABF of Chicago. Further information can be found here.
A stress test utilizing various economic events was presented to the Board of Trustees at the September 2017 Regular Meeting. The Board and staff utilize tests like this to develop the most fiscally prudent investment strategy.
A copy of the presented Stress Test can be reviewed here.
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.