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.

Recent News

April 28, 2016
RFP for Securities Litigation

The Retirement Board is actively searching for Securities Litigation Firms. The RFP can be found on the Fund's Procurement page here.

April 18, 2016
Annual Signature Verification Forms Mailed

Retired members should be on the lookout for 2016 Signature Verification Forms which were mailed on Friday, April 15. Completed forms are required to be returned to the Fund by August 1, 2016 to insure that you monthly annuity payment is not interrupted.  If you have any questions about this requirement, please contact the Fund and ask to be direction to the Annuitant Services section.

April 15, 2016
Annual Contribution Statement Mailing

Please be aware that contribution statements have been mailed to active members of the Fund. If you have moved or have not received your statement by April 30, 2016, please contact the Fund's Benefit Services department.

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.

February 22, 2016
IMPORTANCE OF PROPER FUNDING

The Municipal Employees’ Annuity and Benefit Fund of Chicago (“Fund”) has informed the City of Chicago, the State of Illinois, and the bargaining units that represent the majority of the employees covered by the Fund that the Fund faces the risk of insolvency unless it receives proper funding.  Public Act 98-0641, which in part included a schedule to move the Fund to actuarially based funding, was ruled unconstitutional by the Circuit Court of Cook County because certain provisions of Public Act 98-0641 were held to improperly diminish or impair existing pension benefits.  As a result of the court’s ruling, the Fund returns to a funding formula based on a multiplier of employee contributions, which is insufficient to adequately fund the Fund.  The Circuit Court’s ruling currently is on appeal to the Illinois Supreme Court but the Fund has no idea when a decision will be released or what the decision will be. 

 

Click here to read the letter recently sent to the elected officials of the City of Chicago, State of Illinois, and the bargaining units.  As you will note, the letter also includes a report showing the current funding situation of the Fund as well as the Laborers’ Fund, including comparisons to other pension funds within the State of Illinois.

 

Mission Statement

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.

Thinking About Retiring?

The annuity calculator allows you to enter data to calculate an unofficial projection of your estimated Municipal Employees' Annuity and Benefit Fund (MEABF) retirement benefit.

Have You Returned to Work or Are You Considering Returning to Work?

Annuitants currently collecting a pension from the MEABF may not return to work for an employer who contributes to the MEABF in any capacity.Please contact the Fund's Annuitant Services teamimmediately if you have returned to work or if you have questions.

Life Events

All Active, Retired and Surviving Spouse Members:

As life events occur: relocations, marriages, births, deaths, divorce, etc., you should keep the Pension Fund updated of any and all changes. This is to assure you received news, updates and/or tax forms in a timely fashion.

Are You Unable to Work Due to Injury or Illness?

If you are unable to work due to injury or illness, remember that you may qualify for Ordinary or Duty Disability Benefits. Click here to download the Fund's Disability Handbook, find out which benefit you may qualify for and how to apply.