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 newest Pension Matters is here! You can catch up on the latest news at the Fund by clicking here.
At the Fund's most recent Board Meeting, held on June 20, 2019, the Fund's Auditors, Bansley & Kiener presented the most recent audit report. You can find the report here.
At the Board of Trustee's Regular Meeting on Thursday, May 23, 2019, the Fund's Actuarial Consultants, Segal Consultants, presented the 2018 Actuarial Report. You can find a copy of the full report here. An abridged report can be seen here.
The process for mailing the annual Signature Verification Forms has changed in 2019. In order to more efficiently serve our annuitant members, the following mailing schedule will occur:
If your last name begins with A–G, your form will be mailed in April 2019 and you must return completed forms by June 1, 2019.
If your last name begins with H–O, your form will be mailed in June 2019 and you must return completed forms by August 1, 2019.
If your last name begins with P–Z, your form will be mailed in August 2019 and you must return your form by October 1, 2019
Although the MEABF began the Signature Verification process for our retired members voluntarily, the Illinois General Assembly codified this requirement for all Illinois Government Pension Funds in 2016.
The MEABF wants to assist our members and make the application process as painless as possible. We are developing instructional videoes to assist members with finalizing various applications for submission. Click here to see the first video tutorial regarding the Refund Application.
We look forward to bringing more videos with other helpful information, including our Retirement Seminar and information regarding disability benefits, to our members.
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.