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 results of the 2018 Trustee Election have been determined. Unofficial results are as follows:
Jeffrey Johnson 990
Timothy G. Guest 499
27,520 participants were mailed voting instructions.
565 votes were recorded online, 929 eligible ballots were mailed in, for total participation of 1,494 members, or 5.4% total participation.
Election results will be certified at the next Regular Board Meeting on November 15, 2018.
On behalf of the staff, we’d like to congratulate Jeff Johnson on his victory!
The Retirement Board of the Municipal Employees' Annuity and Benefit Fund of Chicago is requesting information from qualified firms interested in providing an assessment of the Fund's current IT system. Please review and complete the following documents. Necessary guidelines, requirements and contacts can be found in the RFI document. This RFI will remain open until further notice.
You can see the RFI here.
The MEABF is participating in the City of Chicago's Civilian Retirement Seminar on November 14, 2018, at the City of Chicago Public Safety Building located at 3510 South Michigan Avenue.
This seminar is for City of Chicago employees only.
If you are interested in attending, please coordinate through your department's human resources representatives.
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.
The Fund's most recent volume of "Pension Matters" is available for review in the Publications tab, or by clicking here.
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.
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.