News

October 23, 2018
2018 Trustee Election Website Link

Active members can access the voting website for the 2018 Trustee Election by clicking on this link: 

 

https://meabfofchicago.simplyvoting.com/

 

You must provide the credentials mailed to you from the Fund in order to vote.

 

Online voting is accessible 24 hours a day and will be open until 6:00 p.m., Friday, October 26, 2018. Mail-in ballots must be post marked by October 26, 2018.

 

Candidate statements can be viewed here.

October 22, 2018
2018 MEABF Trustee Election

The online voting website is now open and votes may be cast for the 2018 Trustee Election. You can click the following link to access the voting website: 

 

https://meabfofchicago.simplyvoting.com/ Login information was mailed to active employee participants on October 16.

 

Candidate statements can be viewed here.

 

If you have any issues accessing the online voting website or you are an active employee participant of the Fund, and you have not received instructions on how to vote, you can call (312) 236-4700, press 9. This hotline will be staffed from 8:00 a.m. - 4:30 p.m., Monday, October 22 through Thursday, October 25.

 

Thank you for participating in the 2018 MEABF Trustee Election.

 

 

October 10, 2018
IT Risk Functional Assessment Request for Information ("RFI")

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.

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.

July 19, 2018
2017 Abridged CAFR Report

The 2017 Abridged CAFR Report is scheduled to be mailed by July 31, 2018. An electronic version of the report can be accessed here.

July 3, 2018
2017 CAFR

The 2017 Comprehensive Annual Financial Report ("CAFR") is now available on the Fund's website. Click here to review the CAFR.

June 21, 2018
MEABF Audit Report

The 2017 Audit of Fund Financials was presented to the Board of Trustees on Thursday, June 21. To review the report, please click here.

June 7, 2018
MEABF In The News - Bond Buyer

Funding issues related to the MEABF were recently discussed in The Bond Buyer Magazine.

 

You may be required to register to view the article.

May 18, 2018
2017 Actuarial Report

At the Board of Trustee's Regular Meeting on Thursday, May 17, 2018, the Fund's Actuarial Consultants, Segal Consultants, presented the 2017 Actuarial Report. You can find a copy of the full report here. An abridged presentation of the Actuarial Report can be accessed here.

May 9, 2018
MEABF Sexual Harassment Policy

The Retirement Board of the Municipal Employees' Annuity and Benefit Fund of Chicago regularly adopts policies consistent with applicable State and Federal Laws. Most recently, the Fund updated and adopted its Sexual Harassment Policy consistent with Illinois Public Act 100-0554, which reads in part:

 

"a) Each officer, member, and employee must complete, at least annually beginning in 2018, a sexual harassment training program. A person who fills a vacancy in an elective or appointed position that requires training under this Section must complete his or her initial sexual harassment training program within 30 days after commencement of his or her office or employment. The training shall include, at a minimum, the following: (i) the definition, and a description, of sexual harassment utilizing examples; (ii) details on how an individual can report an allegation of sexual harassment, including options for making a confidential report to a supervisor, ethics officer, Inspector General, or the Department of Human Rights; (iii) the definition, and description of, retaliation for reporting sexual harassment allegations utilizing examples, including availability of whistleblower protections under this Act, the Whistleblower Act, and the Illinois Human Rights Act; and (iv) the consequences of a violation of the prohibition on sexual harassment and the consequences for knowingly making a false report. Proof of completion must be submitted to the applicable ethics officer. Sexual harassment training programs shall be overseen by the appropriate Ethics Commission and Inspector General appointed under this Act."

April 20, 2018
Pension Verification Forms

It's that time again!

 

Pension Verification Forms were mailed to all retired members of the MEABF today, Friday, April 20. Members must complete and return Pension Verification Forms no later than September 30, 2018 to insure there is no disruption to monthly annuity payments.

 

If you have any questions regarding Pension Verification Forms, please contact the Fund's Annuitant Services staff at 312-236-4700 and press 2.

 

**Please remember all Pension Verification Forms must be notarized.**

April 13, 2018
Annual Contribution Statements

Annual contribution statements for active members of the Fund will be mailed beginning Monday, April 16. If you have a question regarding your statement, please call the Fund at 312-236-4700, Ext. 7391.

March 19, 2018
Pension Matters Correction

The MEABF became aware of a typographic error made in the transcription of the most recent Pension Matters (v47).

 

The Investment Account Summary Total Contributions is $288 million, making the Ending asset value, December 31, 2017 $4,288 million.

 

We regret the error and have corrected the online version of Pension Matters.

March 5, 2018
Pension Matters Is Back!

We are excited to provide Pension Matters for our membership! Click here to be taken to our most recent publication.

October 2, 2017
Connect With the MEABF

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.

September 26, 2017
Public Act 100-0023

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.

August 2, 2017
The 2016 CAFR Is Now Available for Review

The Trustees and Staff of the MEABF present the 2016 Comprehensive Annual Financial Report. You can see a copy of the report by clicking here.

June 26, 2017
2016 Annual Report

At the last Regular Meeting of the MEABF Board of Trustees on June 22, 2017, Bansley & Kiener presented the 2016 Annual Report. A full copy of the 2016 Annual Report can be viewed here or under the Publications Tab.

May 23, 2017
2016 Actuarial Report

The 2016 Actuarial Report was presented at the May 18 Board Meeting. You may review the report by clicking here.

 

Additional information, including the reports cover letter and the abridged presentation are also available for review.

March 19, 2016
Illinois Freedom of Information Act Disclaimer

It has come to our attention that information obtained legally from the Fund through the Illinois Freedom of Information Act, is being utilized in solicitation of services by private, third party vendors. These vendors may be representing that personal information was provided by the Fund and that the Fund is aware of and condones their business practices.  Although Illinois Law requires disclosure of information regarding our members which includes names, age, retirement date, annuity amount, final employer, title at retirement, credited service, current title, current reported salary and current employer, the Fund never discloses personal, private information including addresses, phone numbers, email addresses or beneficiary information.
 

Please note that the Fund does not endorse any products or authorize outside entities to contact members on its behalf.
 

Should you have any questions regarding this policy, please contact the Fund at 312-236-4700.