About Us
What is MEABF?
Welcome to MEABF.org, where we take care of people who take care of Chicago
MEABF stands for Municipal Employees’ Annuity and Benefit Fund of Chicago. We are 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.
1921
MEABF was established by the act of the Illinois General Assembly.
1930
The City of Chicago awarded the MEABF with ‘Servants of the Year’ award for the work in the community.
1950
The Mayor of Chicago awards MEABF Board of Trustee member Rico Gatti with ‘Chicago Man of the Year award’ for his service to the City of Chicago.
1970
Certificate of Achievement for Excellence in Financial Reporting
Present
Caring and serving the City of Chicago employees for 100 years
Our Mission
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.
Who We Serve
We serve all employees as defined in the Pension Code.
A multicultural melting pot of hard-working people with a rich history of providing freedom and opportunity for its residents. We serve all employees who work for the City.City of Chicago
Dedicated to fostering innovation and a dynamically diverse organization that helps the community thrive by providing stable, affordable and safe housing.
Chicago Housing Authority (eligible employees)
Oversees the 3rd largest school district in the United States. The CBE sets the standard for the future minds of the city by serving its employees and their needs from beginning of there career to the end.
Chicago Board of Education
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The People We Serve
Participants of the Fund
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City of Chicago employees who do not contribute to another City of Chicago annuity fund (Firemen’s Fund, Policemen’s Fund, Laborers’ Fund) -
Elected Officials of the City of Chicago who, while in office, file written application for membership -
Law Department and Board of Election employees with service of at least one-year who file written application for membership -
Chicago Board of Education employees who do not contribute to the Chicago Teachers’ Pension Fund -
Retirement Board Employees -
Employees of the Chicago Housing Authority or Public Buildings Commission who are eligible and who file written application for membership
Meet Our Team
Senior Staff
Board of Trustees
Staff
Understanding Our Work
Working with Us
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.
